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)
| Element List | Explanation |
|---|---|
| Date of Publishing the Previous Announcement Sought to be Corrected on Tadawul’s Website | 2023-09-07 Corresponding to 1445-02-22 |
| Hyperlink to the Previous Announcement | Click Here |
| Incorrect statements in the previous announcement | Introduction: 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 Statement | Introduction: 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 |
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