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 12/04/2023 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 that the transaction for the agreement is still under process with the General Authority for Competition and the competent regulatory authorities. |
| Previous Announcement | Al-Khaleej Training and Education Company announces 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 |
| Date of Previous Announcement on Tadawul’s Website | 2023-04-12 Corresponding to 1444-09-21 |
| Percentage of fulfilled achievement | 80 % |
| Event’s Expected Completion Date | 01/12/2023 |
| Reasons for Exceeding the Announced End Date | The treatment of the agreement is still under process with the General Authority for Competition and the competent regulatory authorities. |
| 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 |
| Additional Information | Any material developments regarding this agreement will be announced later in due course |
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