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 AlKhaleej Training and Education PLC announces the signing of a non-binding memorandum of understanding with Koushan Real Estate Development Company, one of the leading real estate development companies in Saudi Arabia, aimed at operating an educational complex located in the city of Jeddah.

Koushan Real Estate Development Company is an extension of the Dr. Zuhair Fayez Group, which has over 50 years of experience in design and real estate development in the Kingdom. Koushan fully owns the educational complex, which spans approximately 50,000 square meters and has a construction area of around 52,000 square meters. It accommodates nearly 2,000 students and is located in the Al-Mohamadiyah district of Jeddah.

Memorandum Signing Date 2024-12-01 Corresponding to 1446-05-29
Counterparty Koushan Real Estate Development Company
Memorandum Subject This memorandum of understanding was established to assign the operation of the educational complex owned by Koushan Real Estate Development Company for the next year to Al Khaleej Training and Education Company, which is one of the largest educational companies in Saudi Arabia.
Memorandum Duration One calendar year (renewable of both party agreements).
Related Parties N \ A
Financial Impact The financial impact of this memorandum cannot be determined, noting that the company will announce any new developments, if any.

 

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