Sedco Holding Group has announced the acquisition of 50 percent stake in the Jeddah-based Al Yusr International Schools (YIS).

Sedco Holding Group CEO Anees Ahmad Moumina and YIS CEO Zamil Al Otaibi signed the partnership agreement at the group’s headquarters.

“Education in Saudi Arabia is important and promising, hence it is important to invest in the development of this prominent sector," said Moumina. "YIS offers a gateway to expand our education projects in the future. This partnership complements Saudi Arabia’s Vision 2030, which aims to develop and advance education.”

“YIS invests across promising opportunities for a better future by building good education platforms. Furthermore, we are conferred by the AdvancED accreditation and have adopted international curriculum with a focus on Arabic language and Islamic studies, in order to ensure a brighter tomorrow for our youth. We are confident that our partnership with Sedco Holding Group will have a significant role to play in meeting our strategic goals,” said Al Otaibi.

YIS is a private school catering to local and expatriate communities in Jeddah, operating under the supervision of the Ministry of Education and the AdvancED accreditation.

AdvancED is the largest community of education professionals in the world, serving 34,000 schools and school systems across more than 70 nations.

YIS schools are located in Al Nahda District (girls section) on 18,677 sq m area, and in Al Shate'a District (boys section) on 5,000 sq m lot. – TradeArabia News Service