Introduction 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 Click Here
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
Additional Information Any material development will be announced in due course

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