Riyadh Valley Company -The investment arm of King Saud University- announces its investment in Noon Academy in the third financing round that the company announced.
Noon Academy is one of the companies specializing in virtual education platforms, which prepares students from all over the world, as the platform includes educational materials and virtual classes for all educational levels. Noon Academy has successfully educated over 12 million students worldwide in recent years by integrating social learning solutions and gamified learning tools associated with excitement and competition while connecting them with top-notch exceptional teachers. This has increased interaction and engagement among students within virtual classes, contributing to a unique educational experience specifically tailored for students in remote areas.
In this regard, Dr. Khaled Al-Saleh, CEO of Riyadh Valley Company, stated: “Investing in the educational sectors is one of Riyadh Valley Company’s goals, particularly in a company such as Noon Academy, which operates in a market with a size of approximately 194.6 billion US dollars in 2022 and is expects to grow to more than US$452.4 billion by 2028.”
Riyadh Valley Company’s investment in Noon Academy Company aims to invest in emerging companies locally and globally and build a balanced investment portfolio that supports the objectives of King Saud University and the Kingdom’s Vision 2030 for the knowledge economy.