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 published on the Tadawul website on 29/08/2024 regarding its conclusion of an amended sale and purchase agreement dated 24/02/1446 AH (corresponding to 28/08/2024) 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 Ithraa Holding Company, a closed joint stock company) (“Acquisition Transaction”)The company would like to announce to its valued shareholders the latest developments.
Previous Announcement Supplementary announcement from Al khaleej Training and Education Company regarding its signing of a share purchase agreement to acquire 80% of the shares of Adwaa Al-Hedaya Private Schools for Boys and Girls by increasing its capital through the issuance of new shares with the shareholders of Adwaa Al-Hedaya Private Schools for Boys and Girls (a Saudi closed joint-stock company)
Date of Previous Announcement on Saudi Exchange’s Website 2024-08-29 Corresponding to 1446-02-25
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 esteemed shareholders that the General Authority for Competition has issued a decision not to object to the completion of the economic concentration process related to the acquisition deal between Al Khaleej Training and Education Company and Adwaa Al Hidaya Private Schools for Boys and Girls (a Saudi closed joint-stock company).
Reasons For The Delay on The Date of The Event Previously Announced N/A
The costs associated with the event, and if they have changed or not with indication of the reasons. N/A
Delay consequences on the Company’s financial results N/A
Additional Information N/A

 

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