Alkhaleej Training and Education Company announces the extent of its business affected by the precautionary measures and preventive measures taken to confront and control COVID-19 virus
With reference to the additional initiatives and decisions taken by the Government of Saudi Arabia to mitigate the negative impact of the spread of the Corona Virus (COVID-19) on private sector companies.
Alkhaleej Training and Education Company announces that the company is committed to implement all recent decisions by the relevant Government authorities. The company extends its sincere thanks and gratitude to the Health and Security sectors and all the relevant official authorities.
We hope & pray that God will protect this generous nation and all the other Muslim countries and the world as a whole from this Pandemic.
With regards to the recent High Royal decisions and other Government initiatives to support the private sector companies to limit the financial impact from the precautionary measures due to COVID-19, the company makes it clear that it is currently difficult to determine the amount of subsidy that the company will get from these decisions, hence it is not possible for the company to estimate the financial impact from these decisions.
The company’s management is currently working with the relevant authorities to calculate the mechanism of this subsidy and whether it is eligible or not.
Any future developments in this regards will be announced accordingly.
The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.