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.



Alkhaleej Training and Education Company announces the Recent developments regarding the announcement of the Company for 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
Introduction In addition to the announcement of the Al Khaleej Training and Education Company that it had signed a non-binding memorandum of understanding on 22-02-1445 corresponding to 07-09-2023 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, to potentially acquire an 80% interest) of its ownership shares in the aforementioned schools upon reaching a final agreement between the two parties,

the Al Khaleej Training and Education Company would like to announce its appointment of Alinma Investment Company as a financial advisor for the acquisition process instead of Adeem Capital.
Previous Announcement 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).
Date of Previous Announcement on Saudi Exchange’s Website 2023-09-07 Corresponding to 1445-02-22
Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here
Latest Developments Of The Announced Event Appointed Alinma Investment Company as a financial advisor for the acquisition process instead of Adeem Capital.
Reasons For The Delay on The Date of The Event Previously Announced NA
The costs associated with the event, and if they have changed or not with indication of the reasons. No change
Delay consequences on the Company’s financial results NA

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.