Ataa Educational completes procedures to acquire Arabian Education Group

10/08/2021 Argaam

Logo of Ataa Educational Co.

Ataa Educational Co. completed all procedures to acquire and transfer the entire shares of Arabian Education and Training Group Holding Co. from selling shareholders, according to a bourse filing.

 

Arabian Education and Training Group is a Saudi closed joint-stock company, with a capital of SAR 200 million. It is active in fields of education, training and employment.

 

Its subsidiaries include Academic Company For Educational Service, Al Yasmin International Company, Glory Generation International School, Creative Development Company, Alfaisal International Academy, Al-Alson International School, and Amjad Qurtuba Company for Educational Services.

 

The relevant financial impact is expected to reflect on Q1 of fiscal year ending July 31, 2022.

 

On Aug. 8, Ataa Educational inked an agreement to acquire the entire shares of Arabian Education and Training Group for a total value of SAR 138 million, Argaam reported.

 

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