|In addition to the announcement by Al khaleej Training and Education Company published on the Tadawul website on 05/07/2020 AD regarding the signing of a memorandum of understanding (non-binding) with the owners of the Al-Raqi National Schools Company Ltd. for the potential acquisition of (60%) of the ownership shares of the Al-Raqi National Schools Company, upon reaching To a final agreement between the parties.The company wishes to announce that it has been agreed with the owners of the Al-Raqi National Schools Company Ltd. to extend this memorandum with the same previous terms and conditions for another additional period of (90) days from the date of 02/10/2020 AD in order to complete the work of the due diligence examination..
|Date of Posting the Previous Announcement of Development on Tadawul’s Website
|2020-07-05 Corresponding to 1441-11-14
|URL of the Previous Announcement
|Change on the Development
|The two parties agreed to extend the Memorandum of Understanding for a period of (90) days from 02/10/2020 to complete the due diligence work.
|Financial Impact on the change
|There is no financial impact to the extension of the note
|Any material development will be announced in due course
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