|Introduction||A reference to the company’s announcement on the Tadawul website on 01/12/2022 AD regarding the extension of the memorandum of understanding (non-binding) signed with Al-Awael Gulf Holding Company (a Saudi limited liability company) and Al-Awael National Schools Company Limited (a Saudi limited liability company)|
Al-Khaleej Training and Education Company announces the termination of the memorandum of understanding (non-binding) without reaching a final agreement between the two parties to complete the deal due to the lack of compatibility between the concerned parties without any obligation on either side.
|Previous Announcement||Al-Khaleej Training and Education Company announces the latest developments regarding a memorandum of understanding (non-binding) signed with Al-Awael Gulf Holding Company (a Saudi limited liability company) and Al-Awael National Schools Company Limited (a Saudi limited liability company)|
|Date of Previous Announcement on Tadawul’s Website||2022-12-01 Corresponding to 1444-05-07|
|Percentage of fulfilled achievement||NA|
|Event’s Expected Completion Date||NA|
|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.||NA|
|Impact of the Delay on the Company’s Financial Results||NA|
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