Al-Khaleej Training and Education Company announces the latest developments regarding the sale and purchase agreement signed with the owners of Al-Riyadah Model Education Company
| Element List | Explanation |
|---|---|
| Introduction | A reference to the announcement of Al-Khaleej Training and Education Company, which was published on the Tadawul website on 28/08/2023 AD, regarding the signing of a sale and purchase agreement with the owners of Al-Riyadah Model Education Company to acquire 51% of the total shares of ownership of Al-Riyadah Model Education Company
The company would like to announce to its esteemed shareholders the issuance of the General Authority for Competition’s decision of no objection to completing the economic concentration process between Al Khaleej Training and Education Company and Al Reyadah Model Education Company to acquire a percentage (51%) of the total ownership shares of Al Reyadah Company. |
| Previous Announcement | Al-Khaleej Training and Education Company announces the latest developments regarding the sale and purchase agreement signed with the owners of Al-Riyadah Model Education Company |
| Date of Previous Announcement on Tadawul’s Website | 2023-08-28 Corresponding to 1445-02-12 |
| Percentage of fulfilled achievement | 100% |
| 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. | No change |
| Impact of the Delay on the Company’s Financial Results | NA |
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