Al Nobala Schools
Riyadh private school operator, known in Arabic as Alnobalaa Private Schools, acquired in July 2025 by the Education Investment Fund of Ashmore Investment Saudi Arabia.
Industry: Private schools (K-12) | Location: Riyadh, Saudi Arabia
About Al Nobala Schools
Al Nobala Schools, which uses the Arabic name Alnobalaa Private Schools (مدارس النبلاء الأهلية), is a private school operator in Riyadh, Saudi Arabia. A website under that name exists, but when it was opened in October 2026 it showed only the school's name and a loading message. Its founding date, number of campuses, enrolment, curriculum and leadership therefore could not be confirmed from the school's own pages.
In July 2025 the Education Investment Fund managed by Ashmore Investment Saudi Arabia acquired Al Nobala Schools. Ashmore describes the transaction as the fund's first acquisition and as the basis for an education platform in Riyadh. Ashmore Investment Saudi Arabia is a Riyadh-based capital market institution, licensed by the Capital Market Authority and established in 2014, and is a subsidiary of Ashmore Group plc.
The fund added two further schools in April 2026 under a deal called Project Oasis: Matrix International Schools and Wahat Al Alson School in eastern Riyadh. Ashmore says it wants to bring five or more school operators in Riyadh onto the platform and to pursue a Tadawul listing before the fund's life ends, subject to market conditions and regulatory approvals. Enterprise reported in August 2026 that a third Riyadh school deal, Project Grow, was pending, with the fund targeting more than SAR 430 million across three investments.
The terms of the Al Nobala transaction were not disclosed in the sources reviewed, and the fund's total size was not stated.