Introduction AlKhaleej Training and Education Company is pleased to announce the signing of a MoU with Al Rajhi REIT for the Sale & Leaseback of 3 of its Educational properties.
Signing date of the memorandum 2019-03-31 Corresponding to 1440-07-24
Signed party Al Rajhi REIT
Memorandum Subject Signing of MOU between Alkhaleej Training and Education Company and Al Rajhi REIT for Sale and Leaseback of 3 of the AlKhaleej Training and Education Company’s Educational Properties
Memorandum Duration 180 days from the date of signature of MOU
Related Parties There are no related parties
Financial Impact During the financial year 2019 and onwards
Additional Information This potential Sale & Leaseback transaction will help the Company to unleash the cash tied up in the Assets and use the proceeds to support the company’s financial position and expansion plans and to pay down the Company debt.

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