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Addendum announcement from Al Khaleej Training and Education Company regarding signing a memorandum of understanding with Al-Roqi National Schools Company Ltd.

Addendum announcement from Al Khaleej Training and Education Company regarding signing a memorandum of understanding with Al-Roqi National Schools Company Ltd.

ELEMENT LISTEXPLANATION
IntroductionIn addition to the announcement by Al khaleej Training and Education Company published on the Tadawul website on 05/07/2020 AD regarding the signing of a memorandum of understanding (non-binding) with the owners of the Al-Raqi National Schools Company Ltd. for the potential acquisition of (60%) of the ownership shares of the Al-Raqi National Schools Company, upon reaching To a final agreement between the parties.The company wishes to announce that it has been agreed with the owners of the Al-Raqi National Schools Company Ltd. to extend this memorandum with the same previous terms and conditions for another additional period of (90) days from the date of 02/10/2020 AD in order to complete the work of the due diligence examination..
Date of Posting the Previous Announcement of Development on Tadawul’s Website2020-07-05 Corresponding to 1441-11-14
URL of the Previous AnnouncementClick Here
Change on the DevelopmentThe two parties agreed to extend the Memorandum of Understanding for a period of (90) days from 02/10/2020 to complete the due diligence work.
Financial Impact on the changeThere is no financial impact to the extension of the note
Additional InformationAny material development will be announced in due course

The Capital Market Authority and the Saudi Stock 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.

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