GCC investors want a slice of Mount International: A number of undisclosed Saudi and Emirati investors — investment funds and family businesses — are in negotiations to acquire a 40% stake in Mount International School Community in a EGP 280 mn transaction, advisor Business City Group ’s founder and vice CEO Ahmed Semeda told Al Mal. The transaction should be finalized by the end of 2024.

About the school: Established in 2020 in the new capital’s Mostakbal City, Mount International School Community offers IB, IG, and the American high school diploma. It was set up by brothers Diaa and Hossam El Din, who each own a 30% stake in the school. Shareholder Ihab Mounir owns the remaining 40%.

How much is the school worth? The school is currently valued at some EGP 700 mn, Sameda said, adding that the valuation is expected to hit EGP 1.3 bn after carrying out expansion plans.

What’s next for the school? The school wants to set up branches across New Cairo and a number of governorates during the next three years.

This comes during a particularly turbulent time for the education sector, which is currently experiencing inflationary pressures, exchange rate instability, and lack of incentives. Private and international schools are also having to figure out how to position themselves after the Education Ministry decided to keep the limits up to which they can raise their tuition fees for the upcoming academic year.

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