Middle Eastern private equity group Foursan Group has exited its investment in Al-Isra Education & Investment, a holding company that operates Al-Isra Private University, a Jordanian private university that provides graduate and undergraduate degrees to nearly 6,500 Jordanian and foreign students.
Since Foursan invested in Al-Isra, the company grew its annual profitability seven-fold from JD1.2m to JD7.2m, increased its net income margin from 11 per cent to 43 per cent, and the company recently paid a dividend representing a nine per cent yield.
Nashat T. Masri, a partner with Foursan Group, says: “We are pleased with this transaction and the attractive returns we generated for our investors. Al-Isra is a leading Jordanian university and we wish it all the best in its future endeavours.”
Al-Isra is a Jordanian public company listed on the Amman Stock Exchange under the symbol AIFE.
