FRA to ask Education Ministry for clarification on school foreign ownership cap

FRA to ask Education Ministry for clarification on school foreign ownership cap: The Financial Regulatory Authority (FRA) is requesting clarification from the Education Ministry on its decision to place a 20% cap on foreign ownership in private and international schools, FRA Deputy Chairman Khaled El Nashar said, according to Al Mal. El Nashar cast doubt on the ministry’s ability to place a blanket cap on schools given that some are listed on the stock market and have different nationalities trading shares. The ministry said last week that it will consider raising the cap on a case-by-case basis in response to investor backlash against the decision. We took a deep dive into the story in the first issue of Blackboard, our education weekly, earlier this month. You can read the full article here.