The private education in Saudi Arabia is going through a very stifling crisis, Al Saudiya channel reported, citing Ataa Educational Co.’s CEO, Ibrahim A. Al-Turki.
Al-Turki added that the sector will be able to soften the negative impact of the current crisis.
The sector’s revenues declined significantly this year, and were not offset by a similar decrease in expenditures as human resources represent a major portion of the expenses. This led to a liquidity shortage, he added.
The CEO said private schools are excluded from SANED initiative, hoping they will be included in the initiative to help overcome the ongoing crisis.
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