CIBT Education Group Inc.

CIBT Education Group Inc.

MBA.TO
CIBT Education Group Inc.CA flagToronto Stock Exchange
0.45
CAD
+0.03
- -
30.05MMarket Cap
CIBT Education Group Inc.
MBA.TO
(Toronto Stock Exchange)

Recent

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0.45

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ROIC.AI

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Business
CIBT Education Group Inc. CIBT Education Group Inc. (TSX: MBA), founded in 1994 and headquartered in Vancouver, British Columbia, Canada, operates as an education services and student housing investment company focused on domestic and international markets in Canada, China, and other regions. Through subsidiaries including Sprott Shaw College (established 1903), Sprott Shaw Language College, Vancouver International College, and CIBT School of Business, the company offers over 150 accredited programs such as English as a second language courses (general English, college preparation, business English, medical English, test preparation, vacation English, online English); career training in business management, customer service, TESOL teacher training, interpreting and translation; private diplomas and certificates in healthcare, tourism, hospitality, business administration, technical trades, international studies, e-commerce, cyber-security, and hotel management; as well as international student recruitment, on-ground concierge services for North American schools and universities, and web design/advertising for real estate. Its real estate arm, Global Education City Holdings Inc. (GECH) under the GEC brand, invests in, develops, and manages education-related properties including student-centric rental apartments, serviced apartments, hotels, and education super-centres serving over 3,000 students from 71+ countries across 11 projects and 16 buildings with a portfolio exceeding C$1.3-1.5 billion; Global Education Alliance provides recruitment for elite schools, while Irix Design Group delivers design services. In April 2023, the company changed its name to Global Education Communities Corp. (trading as GEC.TO and GECSF) to emphasize its focus on scaling academic real estate amid high demand for student housing in Metro Vancouver, building on prior moves like the 2020 CA$13.1 million subsidiary investment for Vancouver rental acquisitions, the KGIC Inc. assets purchase, and Vancouver International College acquisition, while servicing 8,000-13,000 students annually across 24-46 locations with nearly 600 staff.