Ataa Educational inks MoU with Abdullah bin Abdulrahman Alhamdan to acquire Enaya Schools

Ataa Educational Co. has signed a non binding memorandum of understanding (MoU) with Abdullah bin Abdulrahman Alhamdan & Sons to acquire it’s Al Enaya Schools in Riyadh., it said in a bourse statement.

The MoU aims to define the agreement framework related to both parties’ commitments and rights, the statement added.

The two parties have also agreed on the initial assessment of the acquisition, and the final value will be announced upon the completion of the due diligence.