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 signing of a non-binding Memorandum of Understanding with the owners of Al-Menhaj National Schools Company


Element List Explanation
Introduction Al-Khaleej Training and Education Company announces the signing of a (non-binding) memorandum of understanding with the owners of Al-Minhaj Private Schools Company in Riyadh to potentially acquire (51%) of the ownership shares of Al-Minhaj Private Schools Company, upon reaching a final agreement between the two parties.
Memorandum Signing Date 2022-07-03 Corresponding to 1443-12-04
Counterparty Al- Menhaj National Schools Company Limited (a Saudi limited liability company)
Memorandum Subject Understanding to reach a final agreement for the acquisition of the Gulf Training and Education Company (51%) of the ownership shares of the Al- Menhaj National Schools Company in Riyadh.
Memorandum Duration This memorandum shall be effective from the date of its signature and for a period of (120) days, subject to automatic renewal for another period
Related Parties There are no related parties.
Financial Impact The financial impact will be determined after the completion of the final evaluation.
Additional Information Any material developments in relation to the memorandum of understanding or the proposed acquisition will be announced in due course. Al Khaleej Training and Education Company appointed Quality and Time Office Business Services as a financial advisor for this transaction.


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