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In line with the Kingdom’s Vision 2030 AD, and our project to build a human being, we believe in the importance of preserving the Arab spirit and cultural values that distinguish us as a people, and at the same time we realize that development and progress are necessary to interact with the modern world and the future.

Al Khaleej Training and Education Company announces the developments in the company’s capital increase file by offering rights issue shares and provides a rights issue prospectus


Introduction Reference to the Capital Market Authority’s approval on 23/02/1443H (corresponding to 30/09/2021G) to increase the capital of Al Khaleej Training and Education Company by an amount of 200,000,000 Saudi Riyals by way of Rights Issue through offering 20,000,000 ordinary new shares, so the Company’s capital will increase from 450 million Saudi Riyals to 650 million Saudi Riyals, conditional on obtaining the approval of the Extraordinary General Assembly.
Date of Announcing the Application on Tadawul Website 2021-06-30 Corresponding to 1442-11-20
Date of Submitting the File 2021-06-30 Corresponding to 1442-11-20
Application Status at CMA On 23/02/1443H (corresponding to 30/09/2021G), the Capital Market Authority issued its approval on the Company’s request to increase its capital by offering 20,000,000 new ordinary shares conditional on obtaining the approval of the Extraordinary General Assembly.On 05/04/1443H (corresponding to 11/10/201G), the Rights Issue Prospectus was published on the Capital Market Authority website.
Other Substantial Updates Al Khaleej Training and Education Company is pleased to announce that the Rights Issue Prospectus was published on the Capital Market Authority website and on the Company’s website under the investor relations section as the Company desires to provide all the information related to the offering to the Shareholders and the Public before holding the Extraordinary General Assembly on Wednesday 28/03/1443H (corresponding to 03/11/2021G) at 8:30 pm, through the means of modern communication (remotely).The Prospectus is also available for the Shareholders and Public as per the attached.
Additional Information The Company aims to increase its capital to acquire assets in the education sector, and the Company will announce any future development in this regard in due course.
Attached Documents    


The Capital Market Authority and the Saudi Stock 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.