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.

Element List Explanation
Introduction

Referring to the announcement of Al Khaleej Training and Education Company (the “Company”) published on the Tadawul website on 09/09/2024G regarding its submission of a request to the Capital Market Authority to increase its capital in connection with the amended sale and purchase agreement dated 24/02/1446 AH (corresponding to 28/08/2024) (the “Agreement”) to acquire one million and six hundred thousand (1,600,000) ordinary shares in Adwaa Al-Hedaya Private Schools for Boys and Girls (“Adwaa Al-Hedaya”), equivalent to 80% of Adwaa Al-Hedaya shares in exchange for issuing new shares in the company to the selling shareholder in Adwaa Al-Hedaya (which is Ethraa Holding Company, a closed joint stock company) (the “Selling Shareholder”) (“Acquisition Transaction”). 

The Company would like to announce to its valued shareholders the latest developments.

Previous Announcement Submission of a request by the Company to the Capital Market Authority to increase its capital to acquire 80% of the shares of Adwaa Al-Hedaya.
Date of Previous Announcement on Saudi Exchange’s Website 2024-09-09 Corresponding to 1446-03-06
Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here
Latest Developments Of The Announced Event The Company would like to announce to its shareholders that it agreed with the Selling Shareholder to extend the expiry date of the Agreement from 31 December 2024G to 31 March 2025.
Reasons For The Delay on The Date of The Event Previously Announced Not applicable
The costs associated with the event, and if they have changed or not with indication of the reasons. Not applicable
Delay consequences on the Company’s financial results Not applicable
Additional Information No additional information.

 

The Capital Market Authority and Saudi 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.