Egypt’s EEP, sovereign fund acquire 56% stake in edtech platform

RIYADH: The Sovereign Fund of Egypt and EFG Hermes’s Egypt Education Platform have inked an agreement worth 500 million Egyptian pounds ($25 million) to acquire a 56 percent stake in education platform Selah El Telmeez, Asharq reported on Tuesday citing people familiar with the matter.

Established in the 1960s, Selah El Telmeez offers education content and learning guides for K-12 students across a variety of subjects.