Gulf Islamic Investments raises AED 145 million for the largest Indian school in UAE

Gulf Islamic Investments today announces investment into Amity School – Dubai, a flagship Indian curriculum (CBSE) school of the Amity Group situated in “Al Qusais School Zone”, Dubai.

This AED 145 million investment marks the first entry of GII into the defensive education space and is in line with the philosophy of the company to provide diversified value accretive investment opportunities to its clients, and through this transaction, GII is planning to expand in the promising education sector in the GCC countries.

Mohammed Al-Hassan, Co- Founder and Co-CEO, GII (GCC) said “The UAE market provides the perfect investment opportunities for our clients who seek to diversify their investment portfolio, our investments in the UAE market reached AED 900 million during last thirty months, we are enthused to have forayed into education sector and delighted to have partnered with the reputed Amity Group. We strongly believe in the strategic importance of the education sector in UAE. Besides being a secured income generating investment for our clients, this Investment is in line with the vision of the Government to provide quality education at attractive fee range.”

Pankaj Gupta, Co-founder and Co-CEO of GII (UAE) said: “GII is excited to present another well-structured income generating investment opportunity in a defensive sector like mid-market education market with a reputed global education operator – Amity Group from India. This transaction scores high on return, security & liquidity aspects of the investment and hence have attracted many reputed institutional & HNIs from the region. Amity transaction has raised the bar for the investment industry and is in tune with our constant pursuit to offer best-in-class investment opportunities to our esteemed clients across GCC.

GII will continue to offer high quality real estate investments with special focus on income generating as- sets with clear exit path.”

About Amity Education Group:

Amity Education Group is a leading education group from India that offers globally benchmarked education right from pre-schools to Ph.D. level. With more than 25 years’ experience and over 150,000 students world- wide, Amity has embarked on a journey to become the global player in the education sector with plan of establishing campuses in 25 countries.

The Group is rapidly expanding its footprint in the UAE region having already established a University cam- pus spread across 700,000 sq. ft. in Dubai, a British-curriculum school in Abu Dhabi and British-curriculum Preschools in Jumeirah Islands and Jebel Ali and an upcoming Indian Curriculum School in Sharjah. Amity Educational Group’s assets are worth $ 400 million by the end of 2016.