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Alkhaleej Training and Education Co. announces its Interim Financial Results for the Period Ending on 2021-06-30 ( Six Months )

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ELEMENT LIST	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	%CHANGE	PREVIOUS QUARTER	% CHANGE
Sales/Revenue	193,397,273	181,592,563	6.5	205,871,943	-6.059
Gross Profit (Loss)	29,407,421	26,091,860	12.707	21,592,931	36.19
Operational Profit (Loss)	10,528,295	15,757,802	-33.186	-9,882,392	–
Net Profit (Loss) after Zakat and Tax	-3,416	4,661,815	–	-7,601,835	-99.955
Total Comprehensive Income	49,840,308	6,061,096	722.298	1,147,158	4,244.676
All figures are in (Actual) Saudi Arabia, Riyals

ELEMENT LIST	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	%CHANGE
Sales/Revenue	399,269,216	395,354,792	0.99
Gross Profit (Loss)	46,335,492	68,911,866	-32.761
Operational Profit (Loss)	11,403,501	30,337,429	-62.411
Net Profit (Loss) after Zakat and Tax	-7,605,251	9,052,524	–
Total Comprehensive Income	50,987,466	-20,617,245	–
Total Share Holders Equity (after Deducting Minority Equity)	636,074,871	586,739,743	8.408
Profit (Loss) per Share	-0.17	0.2
All figures are in (Actual) Saudi Arabia, Riyals

ELEMENT LIST	EXPLANATION
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The decrease in net profit for the current quarter as compared to the same quarter of previous year is because there was SANED subsidy as well as the GNA and marketing cost also increased during the second quarter of current year as compared to the same quarter of last year.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	The increase in net profit for the current quarter of the year as compared to the previous quarter is due to the increase in the revenues as well as the results improved for the Training and Call center sectors.
The reason of the increase (decrease) in the net profit during the current period compared to the same period of the last year is	The decrease in net profit for the current period as compared to the same period of previous year is because there was SANED subsidy as well as the GNA and marketing cost also increased for the current period as compared to the same period of last year.
Statement of the type of external auditor’s report	Unmodified conclusion
Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion	The consolidated financial statements of the Company for the year ended 31 December 2020 were audited by another auditor, who expressed a modified opinion dated 31 March 2021 due to the Company did not provide the fair value of investments amounting of SAR 15.6 million carried at Fair Value through Other Comprehensive Income.
Reclassification of Comparison Items	Certain comparative figures have been reclassified wherever necessary for better presentation; however, profit and retained earnings have not been affected in these condensed consolidated interim financial statements. (Disclosure No. 19)
Additional Information	Earnings/(loss) per share is calculated by dividing the profit/loss for the period attributable to the shareholders of the parent company by the weighted average number of ordinary shares during the period.

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.

Al Khaleej Training and Education Company announces the award of a project with King Saud University

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ELEMENT LIST	EXPLANATION
Introduction	On Tuesday evening 03/12/1442 AH corresponding to 13/07/2021 AD, the company received a letter from King Saud University stating the approval of the price offer submitted by the company for competition No. (74/2020)
Date of Award	2021-07-13 Corresponding to 1442-12-03
Project Value	28.986.817.20 SAR
Expected Date for Signing the Contract	2021-08-15 Corresponding to 1443-01-07
Project Details	The company facilitate the ESL staff to the common first year , KSU at Health College
Related Parties	There are no related parties
Additional Information	The contract will be announced upon signing by both parties.

Al Khaleej Training and Education Company announces the award of a project with King Saud University

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ELEMENT LIST	EXPLANATION
Introduction	On Tuesday evening 03/12/1442 AH corresponding to 13/07/2021 AD, the company received a letter from King Saud University stating the approval of the price offer submitted by the company for competition No. (73/2020)
Date of Award	2021-07-13 Corresponding to 1442-12-03
Project Value	36,671,418.96 SAR
Expected Date for Signing the Contract	2021-08-15 Corresponding to 1443-01-07
Project Details	The company facilitate the ESL staff to the common first year , KSU at Science and Engineering College
Related Parties	There are no related parties
Additional Information	The contract will be announced upon signing by both parties.

Al Khaleej Training and Education Company Announces the Submission of the Capital Increase application file by way of Rights Issue to the CMA

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ELEMENT LIST	EXPLANATION
Introduction	With reference to the announcement of Al Khaleej Training and Education Company dated 17/08/1442 AH corresponding to 30/03/022021 AD, regarding the Board of Directors’ recommendation issued on 30/03/2021 AD, to the Extraordinary General Assembly regarding an increase in the company’s capital by 200,000,000 Saudi riyals by offering 20,000,000 new rights issue shares, the proposed capital increase from 450 million Saudi riyals to 650 million Saudi riyals. Conditional on obtaining the approval of the relevant official authorities and the extraordinary general assembly. Accordingly, the company submitted a file to increase the company’s capital through a rights issue to the Capital Market Authority on Wednesday evening, June 30, 2021 AD.
Date of Submitting the Application File to CMA	2021-06-30 Corresponding to 1442-11-20
Application Subject	Increasing the company’s capital by offering rights shares, with a proposed increase in the company’s capital by 200,000,000 Saudi riyals, by offering 20,000,000 new ordinary shares, bringing the capital increase from 450 million Saudi riyals to 650 million Saudi riyals.
Date of Announcing Board Recommendation to Increase the Company’s Capital on Tadawul’s Website	2021-03-30 Corresponding to 1442-08-17
Additional Information	Arab National Investment Company (ANB Invest) has been appointed, as financial advisor in relation to the Offering. The company will announce any future developments in this regard in due course

Al-Khaleej Training and Education Company announces the signing of a non-binding Memorandum of Understanding with Al-Injaz National Schools Company Ltd.

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ELEMENT LIST	EXPLANATION
Introduction	Al-Khaleej Training and Education Company announces the signing of a (non-binding) memorandum of understanding with the owner of the Al-Enjaz National Schools Company Ltd. to potentially acquire (85%) of the ownership stakes of the Al-Enjaz National Schools Company Limited, upon reaching a final agreement between the two parties.
Date of signing the Memorandum of Understanding	2021-06-29 Corresponding to 1442-11-19
Memorandum Duration	This memo shall be effective from the date of its signature for period of (90) days, renewable with the consent of both parties.
Name of the Counterparty	Al-Enjaz National Schools Company Limited (a Saudi limited liability company owned by one person)
Name of Financial Advisor of Each Party	Adeem Capital
Major Terms in the Memorandum	Understanding to reach a final agreement for the acquisition of the Al-Khaleej Training and Education Company (85%) of the ownership shares of the Al-Enjaz National Schools Company Ltd. in the Holy City of Makkah. This memorandum aims to define the framework of understanding about the primary mutual obligations and rights between the two parties regarding the acquisition process, so that the implementation will be in accordance with the proposals and understandings submitted and approved by the two parties, and the two parties also agreed to determine the final value of the deal after completing the due diligence work.
Related Parties	There is no related parties
Actions to be Taken by the Company during the Memorandum’s Duration	This memorandum aims to define the framework of understanding about the primary mutual obligations and rights between the two parties regarding the acquisition process, so that the implementation will be in accordance with the proposals and understandings submitted and approved by the two parties, and the two parties also agreed to determine the final value of the deal after completing the due diligence work.
Approvals	The proposed acquisition is subject to the approvals of the competent regulatory authorities.
Additional Information	Any material developments in relation to the memorandum of understanding or the proposed acquisition will be announced in due course.

Al Khaleej Training and Education Company announces the date and mechanism for distributing cash dividends to shareholders for the year 2020

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Referring to the announcement of Al-Khaleej Training and Education Company on Tadawul website on 17/08/1442 AH corresponding to 30/03/2021 AD regarding distributing cash dividends to shareholders for the fiscal year 2019 with a total amount of (11.250,000) Saudi riyals at (0.25) quarter riyals for each A share which is equivalent to (2.5%) of the nominal value of the share, which was approved by the Ordinary General Assembly of Shareholders which was held on 13/10/1442 AH corresponding to 25/05/2021 AD,

Accordingly, the company would like to announce to its honorable shareholders that, God willing, the due profits will be distributed on Sunday 03/11/1442 AH corresponding to 13/06/2021 for the shareholders who own the shares at the end of the trading day of the meeting of the association (due day) and who are registered in the company’s shareholders ’record with The Securities Depository Center Company (the Deposit Center) at the end of the second trading day following the due date.

The Arab National Bank will process the process of distributing profits to those who are entitled by direct transfer to the investment accounts associated with the portfolios of shareholders with all banks.

We direct the shareholders ’attention to the need to update their data and ensure that their bank account numbers are linked with their investment portfolios before the date of disbursement to ensure that their outstanding earnings are deposited directly into their bank accounts, bearing in mind that cash payments and returns can be received from all branches of the Arab National Bank in the Kingdom after the date of 03/11/1442 AH corresponding to 13/06/2021

In case of any other inquiries regarding profits, please contact the Arab National Bank on the phone (8001244141)

We would like to draw the attention of non-resident foreign investors to the fact that the cash dividends that are transferred through the resident financial intermediary are subject to transfer tax or withholding at a rate of (5%) according to the provisions of Article (68) of the tax system and Article (63) of its regulations. Executive

God bless

Al Khaleej Training and Education Company announces the results of the Ordinary General Assembly meeting (first meeting) Announcement title

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ELEMENT LIST	EXPLANATION
Introduction	The Board of Directors of Al Khaleej Training and Education Company is pleased to announce the results of the Ordinary General Assembly meeting (the first meeting), which was held at 6:30 pm on Tuesday 13/10/1442 AH corresponding to 25/05/2021 AD through modern technology using tadawulati system, in order to ensure the safety of dealers in the financial market within the framework of supporting preventive and precautionary efforts and measures by the competent and relevant health authorities to address the emerging corona virus (Covid-19) and as an extension of the continuous efforts made by all government agencies in the Kingdom of Saudi Arabia in taking preventive measures Necessary to prevent its spread, and after the completion of the quorum necessary for the validity of the assembly to convene, the results of the voting came as follows:
City and Location of the General Assembly’s Meeting	Through virtual conference technology broadcasting from the company’s headquarters in Riyadh, Street No. 64 intersecting east with Olaya Street, Building No. 9, Olaya district.
Date of the General Assembly’s Meeting	2021-05-25 Corresponding to 1442-10-13
Time of the General Assembly’s Meeting	18:30
Percentage of Attending Shareholders	( % 41.79 )
Names of the Board of Directors’ Members Present at the General Assembly’s Meeting and Names of the Absentees	The meeting was attended by members of the Board of Directors: – 1. Mr. Abdul Aziz bin Hammad Nasser Al-Blayd – Chairman of the Board of Directors 2. Mr. Abdul Aziz bin Rashid Abdul Rahman Al-Rashed – Deputy Chairman of the Council 3. Dr. Abdullah bin Sagheer Muhammad Al-Hussaini 4. Professor / Abdul Malik bin Abdul Rahman Al Sheikh 5. Mr. Abdullah bin Muhammad Suleiman Jabrin 6. Engineer / Al-Walid Bin Abdul Razzaq Al-Duraiaan I apologize for attending the meeting from the members of the Board of Directors: 1. Mr. Ahmed bin Ali Ahmed Al-Shadawi 2. Dr. Ali bin Abdul Khaleq Abdul Rahman Al-Qarni
Names of the Chairmen of the Committees Present at the General Assembly’s Meeting or Members of such Committees Attending on Their Behalf	The meeting was attended by the heads of the committees: 1. Dr. Abdullah bin Sagheer Muhammad Al-Hussaini – Chairman of the Audit Committee 2. Mr. Abdul Malik Bin Abdul Rahman Al Al Sheikh – Chairman of the Nominations and Remuneration Committee 3. Mr. Abdul Aziz bin Rashid Abdul Rahman Al-Rashed – Member of the Committee – on behalf of Dr. Ali bin Abdul Khaleq Abdul Rahman Al-Qarni – Chairman of the Governance and Social Responsibility Committee
Voting Results on the Items of the General Assembly’s Meeting Agenda’s	1. Approval of the company’s financial statements for the fiscal year ending 31-12-2020 AD. 2. Approval of the company’s auditor report for the fiscal year ending 31-12-2020 AD. 3. Approval of the report of the company’s board of directors for the fiscal year ending on 31-12-2020 AD. 4. Approval of the appointment of Ibrahim Ahmed Al-Bassam and his partners, chartered accountants (Al-Bassam and his partners) as an auditor for the company from among the candidates based on the recommendation of the audit committee in order to examine, review and audit the financial statements for the (second, third, fourth and annual) quarters of the fiscal year 2021 AD and the first quarter of the fiscal year 2022 AD And determine his fees. 5. Approval of the Board of Director’s recommendation to distribute cash dividends to shareholders for the fiscal year ending on 31/12/2020 AD at a rate of 0.25 one quarter of one riyal per share, which is equivalent to (2.5%) of the nominal value per share in a total amount of (11,250,000) Eleven million two hundred fifty thousand riyals, provided that the shareholders who own the shares on the day of the assembly and who are registered in the company’s shareholders register at the Depository Center are eligible for the second trading day following the date of the meeting, and the date of dividend distribution will be announced later. 6. Approval of absolving the members of the company’s board of directors’ liability for the fiscal year ending 31-12-2020 AD. 7. Approval of disburse an amount of (900,000) nine hundred thousand riyals as a bonus to the members of the company’s board of directors for the fiscal year ending on 31-12-2020 AD. 8. Approval of authorize the company’s board of directors of the power of the general assembly of shareholders based on clause (1) of Article 71 of the Companies policy for a period of one year from the date of the approval of the general assembly of shareholders or until the end of the period of the authorized board of directors, whichever is earlier according to the conditions mentioned in the regulatory controls and procedures issued by the Capital Market Authority in implementation of the Companies Law for Listed Joint Stock Companies. 9. Approval of the community service responsibility policy.
Additional Information	For any further enquiries or information please contact our shareholder’s relationship department on phone number 0114623260 ext. 1593, or by e-mail: adel-amin@alkhaleej.com.sa

Alkhaleej Training and Education Co. announces its Interim Financial Results for the Period Ending on 2021-03-31 ( Three Months )

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ELEMENT LIST	CURRENT QUARTER	SIMILAR QUARTER FOR PREVIOUS YEAR	%CHANGE	PREVIOUS QUARTER	% CHANGE
Sales/Revenue	205,871,943	213,762,229	-3.691	208,003,141	-1.024
Gross Profit (Loss)	21,592,931	34,369,762	-37.174	26,348,461	-18.048
Operational Profit (Loss)	-9,882,392	6,129,383	–	-7,104,273	39.104
Net Profit (Loss) after Zakat and Tax	-7,601,835	4,390,709	–	-4,843,793	56.939
Total Comprehensive Income	1,147,158	-26,678,341	–	-24,217,860	–
All figures are in (Actual) Saudi Arabia, Riyals

ELEMENT LIST	CURRENT PERIOD	SIMILAR PERIOD FOR PREVIOUS YEAR	%CHANGE
Total Share Holders Equity (after Deducting Minority Equity)	597,878,564	591,928,647	1.005
Profit (Loss) per Share	-0.17	0.1
All figures are in (Actual) Saudi Arabia, Riyals

ELEMENT LIST	EXPLANATION
The reason of the increase (decrease) in the net profit during the current quarter compared to the same quarter of the last year is	The decrease in net profit in the current quarter compared to the same quarter of the previous year is mainly due to the decrease in revenues for the current quarter compared with the same quarter of the previous year due to the impact of the pandemic in addition to the increase in the cost of revenues for the current quarter compared to the same quarter of the previous year.
The reason of the increase (decrease) in the net profit during the current quarter compared to the previous period of the current year is	The reason for the decrease in the results of the first quarter of 2021 compared to the fourth quarter of 2020 is that the fourth quarter is always the most sales period in the training sector for individuals, the government sector and subsidiary companies.
Statement of the type of external auditor’s report	Unmodified conclusion
Reclassification of Comparison Items	no reclassification had been done
Additional Information	(Loss) per share is calculated by dividing the loss for the period attributable to theshareholders of the parent company by the weighted average number of ordinary shares during the period. Diluted earnings per share does not apply to the group.

Al Khaleej Training and Education Company announces to its shareholders the date of the start of electronic voting on the items of the Ordinary General Assembly meeting (the first meeting) by means of modern technology

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ELEMENT LIST	EXPLANATION
Announcement Detail	With reference to the announcement of the Gulf Training and Education Company on the Capital Market website (Tadawul) on 17/09/1442 AH corresponding to 29/04/2021 regarding the invitation to attend the meeting of the Ordinary General Assembly (the first meeting) to be held, God Almighty’s will, at 6:30 pm on Tuesday the13/10/1442AH corresponding to 25/05/2021AD, through the means of modern technology through the system of deliberation, and that is within the support of preventive and precautionary efforts and measures by the competent and relevant health authorities in the Kingdom of Saudi Arabia to address the emerging corona virus (Covid-19), and as an extension of the continuous efforts that It is made by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread. Therefore, Al Khaleej Training and Education Company would like to remind its valued shareholders that they will be able to electronically vote on the assembly’s items starting from ten in the morning on Friday 09/10/1442 AH corresponding to 21/05/2021 AD until the end of the assembly time. Registration and voting for Tadawulaty Services will be free of charge and available to all shareholders using the following link: www.tadawulaty.com.sa In case of any inquiries about the meeting terms, we hope to contact the Shareholders Relations Department at the e-mail: adel-amin@alkhaleej.com.sa with the necessity to attach a copy of the shareholder’s identity. God grants success.

ELEMENT LIST

EXPLANATION

Announcement Detail

With reference to the announcement of the Gulf Training and Education Company on the Capital Market website (Tadawul) on 17/09/1442 AH corresponding to 29/04/2021 regarding the invitation to attend the meeting of the Ordinary General Assembly (the first meeting) to be held, God Almighty’s will, at 6:30 pm on Tuesday the13/10/1442AH corresponding to 25/05/2021AD, through the means of modern technology through the system of deliberation, and that is within the support of preventive and precautionary efforts and measures by the competent and relevant health authorities in the Kingdom of Saudi Arabia to address the emerging corona virus (Covid-19), and as an extension of the continuous efforts that It is made by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive measures to prevent its spread.

Therefore, Al Khaleej Training and Education Company would like to remind its valued shareholders that they will be able to electronically vote on the assembly’s items starting from ten in the morning on Friday 09/10/1442 AH corresponding to 21/05/2021 AD until the end of the assembly time. Registration and voting for Tadawulaty Services will be free of charge and available to all shareholders using the following link: www.tadawulaty.com.sa

In case of any inquiries about the meeting terms, we hope to contact the Shareholders Relations Department at the e-mail: adel-amin@alkhaleej.com.sa with the necessity to attach a copy of the shareholder’s identity.

God grants success.

Al Khaleej Training and Education Company is pleased to invite shareholders to participate and vote in the Regular General Assembly meeting (the first meeting)

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ELEMENT LIST	EXPLANATION
Introduction	The Board of Directors of Al Khaleej Training and Education Company is pleased to invite shareholders to participate and vote in the Regular General Assembly meeting (the first meeting), which is scheduled to be held, at 6:30 pm on Tuesday 13/10/1442 AH corresponding to 25/05/2021 AD virtually through conference technology tools using the Tadawulaty system, in order to ensure the safety of dealers in the financial market and supporting the preventive and precautionary efforts and measures imposed by the competent and relevant health authorities, responding to the pandemic Corona virus (COVID-19), and as an extension of the continuous efforts made by all government agencies in the Kingdom of Saudi Arabia to take the necessary preventive procedures to prevent its spread,
City and Location of the General Assembly’s Meeting	Through virtual conference technology broadcasting from the company’s headquarters in Riyadh, Street No. 64 intersecting east with Olaya Street, Building No. 9, Olaya district.
URL for the Meeting Location	https://tadawulaty.com.sa
Date of the General Assembly’s Meeting	2021-05-25 Corresponding to 1442-10-13
Time of the General Assembly’s Meeting	18:30
Attendance Eligibility	Shareholders Registered in the Issuer’s Shareholders Registry in the Depository Centre At the End of the Trading Session Preceding the General Assembly’s Meeting as per Laws and Regulations
Quorum for Convening the General Assembly’s Meeting	The meeting of the Ordinary General Assembly shall be valid if attended by shareholders representing at least a quarter of the capital, and if this quorum necessary for holding this meeting is not available, the second meeting will be held one hour after the end of the period specified for the first meeting, and the second meeting will be valid regardless of the number of shares represented in it .
General Assembly Meeting Agenda	1. Voting on the company’s financial statements for the fiscal year ending 31-12-2020 AD.2. Voting on the company’s auditor report for the fiscal year ending 31-12-2020 AD. 3. Voting on the report of the company’s board of directors for the fiscal year ending on 31-12-2020 AD. 4. Voting to appoint the company’s auditor from the candidates, based on the recommendation of the Audit Committee, to examine, review and audit the financial statements for the (second, third, fourth quarters) and annual of the fiscal year 2021 AD and the first quarter of the fiscal year 2022 AD, and determine their fees. 5. Voting on the Board of Director’s recommendation to distribute cash dividends to shareholders for the fiscal year ending on 31-12-2020 AD at a rate of 0.25 one quarter of one riyal per share, which is equivalent to (2.5%) of the nominal value per share in a total amount of (11,250,000) Eleven million two hundred fifty thousand riyals, provided that the shareholders who own the shares on the day of the assembly and who are registered in the company’s shareholders register at the Depository Center are eligible for the second trading day following the date of the meeting, and the date of dividend distribution will be announced later. 6. Vote on absolving the members of the company’s board of directors’ liability for the fiscal year ending 31-12-2020 AD. 7. Vote to disburse an amount of (900,000) nine hundred thousand riyals as a bonus to the members of the company’s board of directors for the fiscal year ending on 31-12-2020 AD. 8. Voting to authorize the company’s board of directors of the power of the general assembly of shareholders based on clause (1) of Article 71 of the Companies policy for a period of one year from the date of the approval of the general assembly of shareholders or until the end of the period of the authorized board of directors, whichever is earlier according to the conditions mentioned in the regulatory controls and procedures issued by the Capital Market Authority in implementation of the Companies Law for Listed Joint Stock Companies. 9. Voting on the community service responsibility policy.
Proxy Form
E-Vote	The honorable shareholders registered on the Tadawulaty Services website will be able to vote electronically on the assembly’s items effective 10 am. On Friday 09/10/1442 AH corresponding to 21/05/2021 AD until the end of the assembly time. Registration and voting on Tadawulaty services will be available free of charge to all shareholders using the following link: https://tadawulaty.com.sa
Eligibility for Attendance Registration and Voting	Eligibility for Registering the Attendance of the General Assembly’s Meeting Ends upon the Convenience of the General Assembly’s Meeting. Eligibility for Voting on the Business of the Meeting Agenda Ends upon the Counting Committee Concludes Counting the Votes
Method of Communication	For any further enquiries or information please contact our shareholder’s relationship department on phone number 0114623260 ext. 1593, or by e-mail:adel-amin@alkhaleej.com.sa
Additional Information	All documents related to the above-mentioned assembly items are attached to the announcement.
Attached Documents

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