Al Khaleej Training extends MoU with Al Rajhi REIT

30/10/2019 Argaam

Al Khaleej Training and Education Co. has extended a memorandum of understanding (MoU) with Al Rajhi REIT Fund for 31 days, effective Oct. 31, 2019, both companies said in separate bourse statements.

 

The company aims to complete the procedures to sell educational assets under the same terms and conditions.

 

On Mar. 31, 2019, AlKhaleej signed a 180-day MoU with Al Rajhi REIT Fund for the potential sale and lease-back of three of its educational buildings and was valid for 180 days from the signing date, Argaam reported.

 

The preliminary deal was extended for one month starting from Oct. 1, 2019.

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