Alkhaleej Training extends MoU with Al-Faisaliah Schools for additional 90 days

06/04/2022 Argaam
Logo ofAlkhaleej Training and Education Co.

Logo of Alkhaleej Training and Education Co. 

Alkhaleej Training and Education Co. announced that it reached an agreement with the owners of Al-Faisaliah National Schools Co. Ltd., to extend the memorandum of understating (MoU) with the same terms and conditions for additional 90 days, starting from April 14, according to a filing to Tadawul.

 

The move aims to complete the due diligence, which is expected on July 10, the company added.

 

In October 2021, the Tadawul-listed firm entered into a non-binding MoU with the owners of Al-Faisaliah Private Schools Co. in Jeddah to acquire 60% of the latter.

 

For More Mergers and Acquisitions

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