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 Company announces the sale of the entire shares and branches of the Spectrum Wellness and VOG beauty salons for Women to buyers (related parties) at a value of 7,200,000 riyals (seven million two hundred thousand Saudi riyals).
Transaction Details The buyers have agreed to purchase the entire shares and branches of the Spectrum Wellness and VOG beauty salons for Women with all the assets as of 09/24/2024 for an amount of 7,200,000 Saudi Riyals.
Transaction Amount 7,200,000 SAR
Transaction Conditions The transaction is subject to the normal terms of sales contracts in accordance with the laws and regulations in force in the Kingdom of Saudi Arabia without any conditions or preferential benefits.
Parties of the Transaction Seller: AlKhaleej Training and Education Company

Buyers (related parties):

Mr. Abdul Aziz bin Rashid Abdul Rahman Al-Rashed,

Ramadi Company Ltd.(Represented by Mr. Nayef bin Saleh Abdulaziz Al-Rajhi)

Eng. Alwaleed bin Abdulrazak Saleh Aldereyaan
Transaction Financing Method Not applicable
Date of Entering Into The Transaction 2024-11-06 Corresponding to 1446-05-04
Description of Activity of The Asset Subject of The Transaction Fitness, sports health, and women’s grooming activities
Asset Book Value Book Value (7,200,000) SAR
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction The financial statements of the asset subject to the transaction can be found in the company’s financial statements on the Saudi Exchange (Tadawul) website.
Transaction reasons The company focuses on core activities.
Expected Impact of the Transaction on the Company and Its Operations The deal will have no positive or negative impact as the sale was made at book value.
Details of Using The Proceeds of the Asset Sale The proceeds of the transaction will be used for general corporate purposes.
Related Parties Mr. Abdulaziz bin Rashid Abdulrahman Al Rashid

Ramadi Limited Company (represented by Mr. Naif bin Saleh Abdul Aziz Al Rajhi)

Eng. Alwaleed bin Abdulrazak Saleh Aldereyaan

 

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.