Cairo - Mubasher: Cairo for Investment and Real Estate Development (CIRA Education) has acquired a 51% stake in L’École Française d’Hurghada, expanding its footprint in the Red Sea region.

The stake acquisition deal marks the company’s first entry into the region’s international education sector, according to a press release.

Meanwhile, the remaining 49% will stay with founder Bouchra Cherkaoui, who will remain actively involved.

Founded in 2004, the school is the only institution in the Red Sea that offers a French curriculum under AEFE accreditation.

Expected to begin in September, it will launch a German track under the SIS brand, the first German-curriculum program in Hurghada, with 160 students already enrolled.

Plans are underway to introduce an American English stream.

Mohamed El-Kalla, the CEO of CIRA Education, highlighted: “By introducing German and American tracks alongside the existing French program, we’re creating a richer, more inclusive academic environment for families in the region.”

Echoing the vision, Bouchra Cherkaoui, Founder of L’École Française d’Hurghada, emphasized: “Joining forces with CIRA education allows us to scale our impact while preserving the core values the school was built on.”

Cherkaoui added: “With this new chapter, the school is set to broaden both its vision and its offering and I’m excited to continue this journey together and see the school evolve into a truly multi-curricular institution.”

In January, Social Impact Capital, the majority shareholder of 51.20% in CIRA Education, rolled out plans to acquire an additional 37.50% stake in the EGX-listed firm.