Global Investment House "Global" announced its launch of the first education financing program in Kuwait and the GCC for the Al Rayan Holding Company in collaboration with the Al Ahli Bank of Kuwait (ABK).

Al Rayan is a Sharia'a compliant education specific holding company established in Kuwait, which mainly focuses on acquiring educational institutions and running them with the highest professional standards. Al Rayan is promoted by Global and is considered one of its products in the Kuwaiti market.

Al Rayan's mission is to create an educational infrastructure in Kuwait with the highest international standards. This will impart the best of knowledge and skills to every young individual to help them develop and nurture their talents to their fullest extent which will in turn contribute in building a "knowledgeable society" that will help meet Kuwait's vision of creating a non-oil dependant and diversified economy.

Currently, Al Rayan has ownership of five schools in Kuwait which include the New Pakistan International School and College, Kuwait International English School, Fahaheel Al Watanieh India Private School, Canadian School, and the Arabic School (FAS for Boys) and (FAS for Girls) raising the number of total students to around 7300, with a potential strength of about 12500 students.

Mr. Shailesh Dash, Senior Vice President at Global declared that "The Educational Financing Program aims to help parents cover the tuition fees of their children in convenient installments. This will give parents an opportunity to enroll their kids at leading schools in Kuwait." He also added that the relationship between Al Rayan and ABK is strategic and will be mutually beneficial to both parties.

It is worth mentioning that the educational sector is deemed to be one of the economic sectors that recently experienced an investment activity boost and it is expected to accomplish considerable growth in the near future.

© 2008 Mena Report (www.menareport.com)

Source: albawaba.com/en/countries/Kuwait/235135