Foursan Group, a leading Middle Eastern private equity firm, announced the successful exit of its investment in Al-Isra Education & Investment PLC (“Al-Isra”). Al-Isra is 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 JD1.2 million to JD7.2 million, increased its net income margin from 11% to 43%, and the company recently paid a dividend representing a 9% yield.
Commenting on the transaction, Nashat T. Masri, a Partner with Foursan Group, stated: “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 endeavors.”
Al-Isra is a Jordanian public company listed on the Amman Stock Exchange under the symbol “AIFE”.