|Reference to the announcement of Al-Khaleej Training and Education Company published on the Tadawul website on 03/07/2022 AD regarding the signing of a (non-binding) memorandum of understanding with the owners of Al-Minhaj Private Schools Company Limited in Riyadh for the possible acquisition of (51%) of the ownership shares of Al-Minhaj Private Schools Company, This is when a final agreement is reached between the two parties.
The company would like to announce that it has been agreed with the owners of Al-Minhaj Private Schools Company Ltd. to extend this memorandum with the same terms and conditions as above for another additional period of (180) days starting from the date of 04/11/2022 AD, subject to automatic renewal if the municipality and civil defense licenses are not issued and to complete Due diligence work
|Al-Khaleej Training and Education Company announces the signing of a memorandum of understanding with the owners of Al-Minhaj National Schools Company (a Saudi limited liability company)
|Date of Previous Announcement on Tadawul’s Website
|2022-07-03 Corresponding to 1443-12-04
|Percentage of fulfilled achievement
|Event’s Expected Completion Date
|Reasons for Exceeding the Announced End Date
|The costs associated with the event, and if they have changed or not with indication of the reasons.
|Impact of the Delay on the Company’s Financial Results
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