05:30 AM EDT, 10/07/2026 (MT Newswires) -- United Arab Emirates-based Alephya is in advanced negotiations to acquire a controlling interest in Saudi Arabia's Ajialuna Educational Co., Bloomberg reported Wednesday, citing sources familiar with the matter. The school operator, majority-owned by private equity group TA Associates, aims to buy Sulaiman Alrajhi Holding's stake in its Saudi peer for up to $500 million, according to the report. A final decision on the potential deal is yet to be made. Alephya, Ajialuna Educational and Sulaiman Alrajhi did not immediately respond to requests for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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