Almasar Alshamil Education's Nine-Month Revenue Rises 21% on UAE University Growth

Adjusted EBITDA rose 37% to SAR 178.7 million and adjusted net profit rose 36% to SAR 109.0 million, the company said in its results statement. Adjusted net profit attributable to equity holders increased 42% to SAR 95.4 million.

The results show demand for private higher education in the UAE holding up through the regional war, with international students driving much of it. At Middlesex University Dubai, enrolment for the 2025-26 academic year rose 16% to 7,200 students, mainly from international recruitment and a wider range of courses. The university's revenue grew 22% to SAR 221.1 million and EBITDA rose 24% to SAR 77.5 million. Enrolment for the coming term is 6,900, up 7%. The university has launched a London Sports Institute and added space in Dubai Media City.

NEMA Holding, which owns Abu Dhabi University and Liwa University and in which Almasar holds a stake, increased enrolment across the two universities by 24% to 14,000. NEMA's revenue rose 25% to SAR 644.1 million, EBITDA rose 63% to SAR 231.5 million and net profit rose 94% to SAR 155.5 million. Almasar's share of profit from associates also rose 94%, to SAR 54.4 million. Liwa opened a campus in Al Ain after gaining university accreditation.

NEMA has also signed a strategic partnership with Britain's Epsom College to build two K-12 school campuses on land it already owns in Dubai and Abu Dhabi, with room for up to 5,000 students. The company called this the first phase of a wider collaboration.

Managing director Fadi Habib said third-quarter results were held back by the summer academic break, and that higher operating costs reflected investment to support student growth at Middlesex and the expansion of the group's special needs care facilities. Chairman Shamsheer Vayalil said the company aims to build an integrated platform spanning academic, special needs and care services. The company said it has a positive outlook for the fourth quarter and the rest of the academic year, citing steady enrolment.