Welcome to Alkhaleej Training and Education Company
alkhaleej

Blog

Al Khaleej Training and Education Company announces the opening and start of operation of the Rowad Al Khaleej International Complex in the city of Al Khobar

Posted by wessam In Company Ads 0 comment
Element ListExplanation
Announcement DetailAl Khaleej Training and Education Company announces the opening and start of trial operation of the Rowad Al Khaleej International Schools complex in the city of Khobar, starting from the academic year 2023/2024 AD.

 

The new educational complex is located in the Al-Bahr neighborhood in Al-Khobar, on a land area of (17,123) square meters and a building area of (22,156) square metres. The educational complex provides its services according to the American curriculum under the supervision of the Ministry of Education for the kindergarten, primary, middle and secondary levels for boys and girls. The capacity of the schools exceeds (2000) students, and the schools have been designed and equipped according to the highest modern educational technical specifications.

 

This educational complex is considered an extension of the expansion in the eastern region after the successful experience of schools in the city of Dammam, which reached its maximum capacity.

 

This comes within the company’s strategic plans that aim to expand the school sector by establishing and acquiring schools in all regions of the Kingdom to increase the student capacity and achieve growth and returns that achieve the company’s strategy.

 

The number of students in all the schools of Al Khaleej Training and Education Company and the schools it acquired (in Riyadh, Jeddah, and the Eastern Province) has reached approximately (11,000) students, both male and female.

 

The financial impact of the opening of the complex will appear as of the fiscal year 2023/2024

 

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Continue Reading

Alkhaleej Training and Education Co. announces its Interim Financial Results for the Period Ending on 2023-09-30 ( Nine Months )

Posted by wessam In Company Ads 0 comment
Element ListCurrent QuarterSimilar Quarter For Previous Year%ChangePrevious Quarter% Change
Sales/Revenue273,939,540220,396,49224.29212,556,01428.88
Gross Profit (Loss)67,775,87841,436,07163.5739,214,51372.83
Operational Profit (Loss)42,537,73530,757,37938.324,252,90775.39
Net Profit (Loss) after Zakat and Tax14,973,71313,796,0218.542,390,460526.39
Total Comprehensive Income-21,902,09940,378,304–4,252,767–
All figures are in (Actual) Saudi Arabia, Riyals
Element ListCurrent PeriodSimilar Period For Previous Year%Change
Sales/Revenue693,279,642644,314,5417.6
Gross Profit (Loss)147,149,28899,696,90347.6
Operational Profit (Loss)96,184,76647,701,476101.64
Net Profit (Loss) after Zakat and Tax24,994,593-6,606,726–
Total Comprehensive Income-13,875,704-25,947,123-46.52
Total Share Holders Equity (after Deducting Minority Equity)650,107,033711,701,068-8.65
Profit (Loss) per Share0.38-0.1
All figures are in (Actual) Saudi Arabia, Riyals
Element ListExplanation
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year isThe reason of the increase in the net profit during the current quarter compared to the same quarter of the last year is due to the improvement in the results of the training , Schools and call center sectors.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous quarter of the current year isThe reason of the increase in the net profit during the current quarter compared to the previous quarter of the current year is due to the improvement in results of the training, Schools and call center Sectors
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year isThe company achieved profits during the current period of the year compared to the losses incurred during the same period of last year, is due to the significant improvement in all sectors of the company.
Statement of the type of external auditor’s reportUnmodified conclusion
Reclassification of Comparison ItemsSome comparative figures have been reclassified where necessary for a better presentation.
Additional InformationBasic and diluted earnings share is calculated by dividing the profit for the period attributable to equity holders of the parent company by the weighted average number of ordinary shares during the period

 

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Continue Reading

Al Khaleej Training and Education Company announces the opening of nominations for membership in the Board of Directors for the next session

Posted by wessam In Company Ads 0 comment
Element ListExplanation
IntroductionAl Khaleej Training and Education Company is pleased to announce the opening of nominations for membership in the company’s Board of Directors for the next session, which will begin on February 12, 2024, for a period of four years. The nomination will be in accordance with the provisions contained in the Companies Law and its Executive Regulations and the Corporate Governance Regulations issued by the Capital Market Authority, in addition to the Board of Directors membership policy approved by the General Assembly. Voting will take place to elect the nominated members at the next General Assembly meeting, the date of which will be announced later. Messrs. Those wishing to nominate themselves for membership in the Board of Directors, and who meet the conditions and qualifications for membership, must submit their candidacy applications within the period specified in the announcement and in accordance with the details contained in this announcement.
Type of AssemblyNew Session
Assembly Start Date2024-02-12 Corresponding to 1445-08-02
Assembly End Date2028-02-11 Corresponding to 1449-09-15
Number of members7
Application Start Date2023-10-15 Corresponding to 1445-03-30
Application End Date2023-11-14 Corresponding to 1445-04-30
Applications Submission MethodComplete nomination applications and their attachments must be submitted to the company before the end of the nomination period described above by sending them during official working hours to one of the following addresses: –

1. Al Khaleej Training and Education Company in Riyadh – Street No. 64 intersecting east with Olaya General Street, Building No. 9 behind Jarir Bookstore in Olaya District – p. Box 295300, Riyadh, postal code 11351 – Website link: https://bit.ly/2E701x2 Attention: Secretary of the Nominations and Remuneration Committee.

2. Send by email to the following: adel-amin@alkhaleej.com.sa

For inquiries, you can contact the Secretary of the Nominations and Remuneration Committee – on phone number: 011-4623260, extension 1593- or by email shown above.

Application RequirementsThe candidate must fulfill the conditions for candidacy for membership in the Board of Directors contained in the attached membership terms and standards list and fill out applications and forms in both Arabic and English according to the following: –

1. Submit a written application signed by the candidate explicitly declaring his desire to run for council membership according to the form (attached) within the period specified in the announcement.

2. Fill out Disclosure Form No. (1) CV. (Attached)

3. 3. Fill out and sign Disclosure Form No. (3) issued by the Capital Market Authority (attached). The form can be obtained through the Authority’s website www.cma.org.sa.

4. Attach a detailed CV that includes qualifications and experience in the company’s field of business.

5. Attach a clear and valid copy of the national ID card and a copy of the resident ID or passport for non-Saudis,

6. A statement of the number and date of his membership in the boards of directors of joint-stock companies, and the committees of which he served or continues to serve.

7. A statement of the companies or institutions in which he participates in management or ownership and which conduct business similar to the company’s business.

8. If the candidate has previously served as a member of the Board of Directors of Al Khaleej Training and Education Company, he must attach to the nomination application a statement from the company’s management for the last session in which he served as a member of the Board, including the following information:

– The number of Board of Directors meetings that took place during each year of the term, the number of meetings that the member attended in person, and his attendance percentage to the total number of meetings.

– The permanent committees in which the member participated, the number of meetings held by each of those committees during each year of the session, the number of meetings he attended, and the percentage of his attendance to the total number of meetings.

9. The status of membership must be clarified, i.e. whether the applicant is an executive member, a non-executive member, or an independent member

 

The Nominations and Remuneration Committee will study the applications received by the candidates in accordance with the approved policies and standards, noting that voting in the General Assembly will be limited to those who nominated themselves for Board membership in accordance with the controls and standards set forth in the list of conditions and standards for membership in the Board of Directors attached to this announcement. Cumulative voting will be used to elect members of the Board of Directors.

Candidate Conditions
Attached Documents    

 

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Continue Reading

Al Khaleej Training and Education Company announces the signing of a contract with the Saudi Electricity Company

Posted by wessam In Company Ads 0 comment
Element ListExplanation
IntroductionAl Khaleej Training and Education Company announces the signing of a contract with the Saudi Electricity Company to operate call centers and support centers for the subscriber services sector.
Date of Announcement of the Award2023-10-01 Corresponding to 1445-03-16
Contract Subject MatterOperating call centers and support centers for the subscriber services sector
Date of Signing the Contract2023-10-01 Corresponding to 1445-03-16
Contract ValueEstimated value of 149,417,598 Saudi Riyals, excluding VAT
Contract DetailsThe company operates call centers and support centers for the subscriber services sector at the Saudi Electricity Company
Contract DurationOne year and automatically renewed for another year with the same value
Financial Impact and the Relevant PeriodIt is expected that this contract will have a positive impact on the financial results starting from the fourth quarter of the fiscal year 2023 and beyond.
Related PartiesThere are no related parties

 

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Continue Reading

Corrective announcement from Al-Khaleej Training and Education Company regarding the announcement of the signing of a (non-binding) memorandum of understanding with Adwaa Al-Hidaya Private Schools Company for Boys and Girls (a Saudi closed joint stock company)

Posted by wessam In Company Ads 0 comment
Element ListExplanation
Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul’s Website2023-09-07 Corresponding to 1445-02-22
Hyperlink to the Previous AnnouncementClick Here
Incorrect statements in the previous announcementIntroduction: Al-Khaleej Training and Education Company announces the signing of a (non-binding) memorandum of understanding with Al-Awael Gulf Holding Company in Riyadh to potentially acquire a percentage (70%) of the shares of Al-Awael Private Schools Company Limited in Riyadh, which is wholly owned by Al-Awael Gulf Holding Company, upon reaching an agreement. Final agreement between the two parties.
Correct StatementIntroduction: Al-Khaleej Training and Education Company announces the signing of a (non-binding) memorandum of understanding with Adwaa Al-Hidaya Private Schools Company for Boys and Girls (a Saudi closed joint stock company), which owns Adwaa Al-Hidaya School and Regat Jarmar International Schools for Multinational Education in the city of Riyadh, in order to potentially acquire an 80% interest. ) of its ownership shares in the aforementioned schools upon reaching a final agreement between the two parties

 

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Continue Reading

Al-Khaleej Training and Education Company announces the signing of a (non-binding) memorandum of understanding with Adhwa’a Al-Hidaya Private Schools Company for Boys and Girls (a Saudi closed joint stock company)

Posted by wessam In Company Ads 0 comment
Element ListExplanation
IntroductionAl-Khaleej Training and Education Company announces the signing of a (non-binding) memorandum of understanding with the Al-Awael Gulf Holding Company in Riyadh to potentially acquire (70%) of the ownership shares of Al-Awael Private Schools Company in Riyadh, which is wholly owned by Awael Gulf Holding Company, upon reaching a final agreement between the two parties.
Memorandum Signing Date2023-09-07 Corresponding to 1445-02-22
CounterpartyAdhwa’a Al-Hidaya Schools Company for Boys and Girls (a Saudi closed joint stock company)
Memorandum SubjectA non-binding memorandum of understanding aims to reach a final agreement for Al-Khaleej Training and Education Company to acquire 80% of the ownership of Adwaa Al-Hidaya School (private) and Regat Jarmer International Schools for Multinational Education (British Curriculum) in the city of Riyadh, which are owned by Adwaa Al-Hidaya Schools Company for Boys and Girls (private). Saudi closed joint stock company)
Memorandum DurationThis memorandum shall enter into force from the date of its signing and for a period of nine months from the date of its signing or until the completion of the signing of the final agreement – whichever comes first, provided that the period can be extended for other periods pursuant to a new written understanding between the two parties.
Related PartiesThere are no related parties.
Financial ImpactThere is no financial impact currently
Additional InformationThe most important terms of the memorandum: The two parties agreed that in the event of final agreement between the two parties, Al-Khaleej Training and Education Company will pay the acquisition value by issuing compensation shares in favor of Adwaa Al-Hidayah Schools Company for Boys and Girls (a Saudi closed joint stock company).

 

Measures that the company will take during the term of the agreement: evaluation work, due diligence examination, and preliminary agreements between the two parties

 

Approvals: This deal is subject to the approvals of the relevant regulatory authorities

 

The capacity of the schools subject to the memorandum of understanding reaches approximately 4,000 male and female students.

 

Any material developments regarding the Memorandum of Understanding or proposed acquisition will be announced in due course.

 

Al Khaleej Training and Education Company appointed Adeem Financial Company as a financial advisor for this deal.

 

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Continue Reading

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

Posted by wessam In Company Ads 0 comment
Element ListExplanation
IntroductionA 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 AnnouncementAl-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 Website2023-08-28 Corresponding to 1445-02-12
Percentage of fulfilled achievement100%
Event’s Expected Completion DateNA
Reasons for Exceeding the Announced End DateNA
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 ResultsNA

 

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Continue Reading

Corrective announcement from Al Khaleej Training and Education Company regarding the announcement of the preliminary financial results for the period ending on 03/06/2023 AD (six months)

Posted by wessam In Company Ads 0 comment
Element ListExplanation
Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul’s Website2023-08-24 Corresponding to 1445-02-08
Hyperlink to the Previous AnnouncementClick Here
Incorrect statements in the previous announcementEarnings (loss) per share item

Current period 0.05

The corresponding period of the previous year (0.27)

Correct StatementEarnings (loss) per share item

Current period 0.13

Similar period of the previous year (0.29)

 

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Continue Reading

Supplemental announcement from Al Khaleej Training and Education Company regarding the announcement of signing a contract with Allianz Saudi Fransi Cooperative Insurance Company (related party)

Posted by wessam In Company Ads 0 comment
Element ListExplanation
IntroductionIn addition to the company’s announcement on the Tadawul website on 02/18/1445 AH corresponding to 09/03/2023 AD about signing a contract with Allianz Saudi Fransi Cooperative Insurance Company (related party)

 

Al Khaleej Training and Education Company would like to announce to its valued shareholders that the value of the insurance contract is 21,243,684.36 Saudi riyals before calculating value-added tax.

Date of Posting the Previous Announcement of Development on Tadawul’s Website2023-09-03 Corresponding to 1445-02-18
Hyperlink to the Previous AnnouncementClick Here
Change on the Developmentnone
Financial Impact on the changenone

 

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Continue Reading

Al Khaleej Training and Education Company announces the signing of a contract with Allianz Saudi Fransi Cooperative Insurance Company (related party)

Posted by wessam In Company Ads 0 comment
Element ListExplanation
IntroductionAl Khaleej Training and Education Company announces the signing of a contract with Allianz Saudi Fransi Cooperative Insurance Company to provide medical insurance services to its employees and their families (related party)
Date of Announcement of the Award2023-09-01 Corresponding to 1445-02-16
Contract Subject MatterMedical insurance services for the company’s employees and their families
Date of Signing the Contract2023-09-01 Corresponding to 1445-02-16
Contract ValueThe value of the contract exceeds 1% of the total revenues, according to the audited financial statements for the year 2022.
Contract DetailsThe contract covers medical insurance services for company employees and their families
Contract DurationA Gregorian year starting from 01-09-2023
Financial Impact and the Relevant PeriodThe financial impact of this document will be reflected in the company’s financial results for the year 2023/2024
Related Parties1. Member of the Board of Directors, Eng. Al-Walid bin Abdul-Razzaq Saleh Al-Duraian – an indirect interest in the contract in his capacity as Chairman of the Board of Directors of Allianz Saudi Fransi Cooperative Insurance Company

2. Member of the Board of Directors, Dr. Abdullah bin Sagheer Muhammad Al-Husseini – an indirect interest in the contract in his capacity as a member of the Board of Directors of Allianz Saudi Fransi Cooperative Insurance Company

Additional InformationAl Khaleej Training and Education Company confirms that the contract is within the normal course of business and does not grant any preferential benefits

 

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

Continue Reading
حقوق النشر محفوظة ، جميع المعلومات المذكورة في الموقع الإلكتروني قابلة للتغيير والتعديل دون إخطار مسبق، ولا تتحمل شركة الخليج للتدريب والتعليم أي مسؤولية عن أي ضرر ولا يوجد لدينا أي التزام لأي طرف ...
* Type a keyword then press Enter
alkhaleej