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Alkhaleej Training and Education Company Announces the correction in the previous announcement relating to the interim financial results for the period ending on 31-03-2016 (Three Months)

Alkhaleej Training and Education Company Announces the correction in the previous announcement relating to the interim financial results for the period ending on 31-03-2016 (Three Months)

Further to the announcement published on Tadawul’s website on 18-04-2016 related to the interim financial results for the period ending on 31-03-2016 (Three Months) where the announcement mention that the decrease in the current period compared with the corresponding period of the previous year is due to decline in computer sales and English language because of the holy month of Ramadan in the second quarter of 2015, as well as high social security costs resulting from the modification-Saudi employees’ salaries , decease in results of The reason for decrease in results of the first quarter of 2015 as compared to the fourth quarter of 2014 is because the fourth quarter of the year is usually the highest sales for consumer, Corporate, Government and subsidiaries. while the correction is the reason for the decline in the current quarter results compared to the previous quarter it is that the fourth quarter of the year is usually the highest sales for consumer, Corporate, Government and subsidiaries.

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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