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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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