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 the sale and purchase agreement signed with the owners of Al-Riyadah Model Education Company

 

Element List Explanation
Introduction A reference to the announcement of Al-Khaleej Training and Education Company, which was published on the Tadawul website on 12/04/2023 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 that the transaction for the agreement is still under process with the General Authority for Competition and the competent regulatory authorities.

Previous Announcement Al-Khaleej Training and Education Company announces 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
Date of Previous Announcement on Tadawul’s Website 2023-04-12 Corresponding to 1444-09-21
Percentage of fulfilled achievement 80 %
Event’s Expected Completion Date 01/12/2023
Reasons for Exceeding the Announced End Date The treatment of the agreement is still under process with the General Authority for Competition and the competent regulatory authorities.
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
Additional Information Any material developments regarding this agreement will be announced later in due course

 

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