Narratiive Tags - Khaleej Times Desktop
Finance
Logo
 

Dubai-based GEMS Education raises $150 million debt

Reuters/Dubai
Filed on August 4, 2020 | Last updated on August 4, 2020 at 04.19 pm
Dubai-based, GEMS Education, raises, $150 million debt,

(Alamy Image)

GEMS, which owns and operates more than 50 schools in the UAE, Qatar and Egypt, sold $900 million in bonds last year.

Dubai-based GEMS Education has raised $150 million in incremental financing to support its working capital, it said in a statement on Tuesday, August 4.

A source had earlier told Reuters that the company is in talks with several banks and advisory firms to explore options to shore up its balance sheet, including a share or debt issuance.

GEMS, which owns and operates more than 50 schools in the UAE, Qatar and Egypt, sold $900 million in bonds last year.


ERROR: Macro /ads/dfp-ad-article-new is missing!
MORE FROM Business
MORE FROM Khaleej Times
CurrentRequestUnmodified: /business/banking-finance/dubai-based-gems-education-raises-150-million-debt macro_action: article, macro_profile: , macro_adspot:
 
 
 
 
 
 
 
KT App Download
khaleejtimes app

All new KT app
is available
for download:

khaleejtimes - android khaleejtimes - ios khaleejtimes - HUAWEI AppGallery