Al-Khaleej Training and Education Company announces the latest developments regarding a (non-binding) memorandum of understanding signed with the owners of Al-Faisaliah National Schools Company Ltd.
|Introduction||Reference to the announcement of Al-Khaleej Training and Education Company published on the Tadawul website on 10/20/2021 AD regarding the signing of a (non-binding) memorandum of understanding with the owners of Al-Faisaliah National Schools Company Ltd. for the possible acquisition of (60%) of the ownership shares of Al-Faisaliah National Schools Company Ltd., Upon reaching a final agreement between the parties.|
The company would like to announce that it has been agreed with the owners of Al-Faisaliah Private Schools Company Ltd. to extend this memorandum with the same terms and conditions as above for another additional period of (90) days from 14-04-2022 AD in order to complete the work of due diligence
|Previous Announcement||Al-Khaleej Training and Education Company announces the signing of a (non-binding) Memorandum of Understanding with the owners of Al-Faisaliah National Schools Company Ltd.|
|Date of Previous Announcement on Tadawul’s Website||2021-10-20 Corresponding to 1443-03-14|
|Percentage of fulfilled achievement||70%|
|Event’s Expected Completion Date||10/07/2022|
|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|
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