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Home » Dubai-based GEMS Education raises $150 million debt – News
Khaleejtimes

Dubai-based GEMS Education raises $150 million debt – News

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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.





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