Al-Khaleej Training and Education Company announces the latest developments regarding the sale and purchase agreement signed with Al-Roqi National Schools Company and announced on 08/30/2021 AD
| ELEMENT LIST | EXPLANATION |
|---|---|
| Introduction | With reference to the announcement of Al Khaleej Training and Education Company on the Tadawul website on 30/08/2021 AD regarding the signing of the sale and purchase agreement regarding the acquisition of (60%) of the ownership shares of the Al-Roqi National Schools CompanyAl Khaleej Training and Education Company is pleased to announce to its valued shareholders the issuance of no-objection decision from the General Authority for Competition to complete the process of economic concentration regarding the acquisition of (60%) of Al Roqy Private Schools, according to the letter of the General Authority for Competition received today regarding the application No. RN0000232 submitted by The company on 04/10/2021 AD |
| Previous Announcement | Al-Khaleej Training and Education Company announces that it has signed a sale and purchase agreement to acquire 60% of the ownership stakes of Al-Roqi National Schools Company. |
| Date of Previous Announcement on Tadawul’s Website | 2021-08-30 Corresponding to 1443-01-22 |
| Percentage of fulfilled achievement | 90% |
| Event’s Expected Completion Date | 12/02/2022 |
| Reasons for Exceeding the Announced End Date | NA |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | No change |
| Impact of the Delay on the Company’s Financial Results | NA |
| Additional Information | It is worth noting that the agreement is subject to a number of terms and conditions, including obtaining statutory approvals from the competent government agencies, and ending some legal procedures,Any material developments in relation to the above agreement will be announced in due course |
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