Riyadh – Mubasher: Riyadh-based capital market institution Ashmore Investment Saudi Arabia has completed its second acquisition via its Education Investment Fund, marking another step in its strategy to expand the Kingdom’s education sector in line with Saudi Vision 2030.
The Project Oasis deal adds two schools, Matrix International Schools and Wahat Al Alson School, offering international curricula situated in eastern Riyadh, according to a press release.
This follows the fund’s July 2025 acquisition of Al Nobala Schools, which laid the foundation for building a scalable education platform. The fund aims to partner with at least five school operators across Riyadh as part of its expansion strategy.
Licensed by the Capital Market Authority (CMA), Ashmore plans to pursue a listing of the education platform on Tadawul by the end of the fund life, contingent on market conditions and regulatory approvals.
The CEO and Managing Director of Ashmore, Ahmed Al Mohaisen, commented: “Through our Education Investment Fund, we target to support high-quality school operators, enhance institutional governance, and make significant contributions to the objectives outlined in Vision 2030.”
“Project Oasis capitalizes on our established expertise in the education investment sector, highlighted by the successful divestment of the previous Ashmore GCC Education Fund in 2024,” Al Mohaisen indicated.
He added.“By collaborating with reputable operators and investing in modern, purpose-built facilities, we are developing a platform that not only targets to achieve exceptional educational outcomes but also creates sustainable value for our investors.”
The CEO of Al Nashar Educational, Mostafa Al Nashar, said: “This transaction reflects the true value of Project Oasis and marks an important milestone in its transition into a new phase of expansion and development.
Al Nashar affirmed: “We believe this partnership comes at the right time, supported by the Kingdom’s strong investment environment and the opportunities created by Vision 2030, which continue to advance the growth of high-quality private education and pave the way for the development of strong and sustainable education platforms in Saudi Arabia.”
Education remains a major priority for the Kingdom, ranking as the third-largest area of government spending. Hence, the Ministry of Finance allocated around SAR 200 billion to the sector in the 2026 budget.
As part of Vision 2030, Saudi Arabia plans to increase private-sector involvement in K-12 education and establish 1,150 new private schools by 2030, supported by incentives such as interest-free loans, land grants, and subsidized rents, among others.
