Investor Relationship

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 latest developments regarding a (non-binding) memorandum of understanding signed with the owners of Al-Minhaj Private Schools Company Ltd.

 

Element List Explanation
Introduction Reference to the announcement of Al-Khaleej Training and Education Company published on the Tadawul website on 03/07/2022 AD regarding the signing of a (non-binding) memorandum of understanding with the owners of Al-Minhaj Private Schools Company Limited in Riyadh for the possible acquisition of (51%) of the ownership shares of Al-Minhaj Private Schools Company, This is when a final agreement is reached between the two parties.

 

The company would like to announce that it has been agreed with the owners of Al-Minhaj Private Schools Company Ltd. to extend this memorandum with the same terms and conditions as above for another additional period of (180) days starting from the date of 04/11/2022 AD, subject to automatic renewal if the municipality and civil defense licenses are not issued and to complete Due diligence work

Previous Announcement Al-Khaleej Training and Education Company announces the signing of a memorandum of understanding with the owners of Al-Minhaj National Schools Company (a Saudi limited liability company)
Date of Previous Announcement on Tadawul’s Website 2022-07-03 Corresponding to 1443-12-04
Percentage of fulfilled achievement 30%
Event’s Expected Completion Date 03/04/2023
Reasons for Exceeding the Announced End Date NA
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

 

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