Ataa Educational Co. — Capital/Financing Update 2021

Jun 16, 2021

Ataa Educational Co. announces the latest developments regarding the signing of a binding memorandum of understanding (MoU) with the Arabian Education and Training Group Co. in relation to the potential acquisition of the full shareholders' shares of the company

4292 · 16/06/2021 15:45:29 · Announcement #63787 · View on Saudi Exchange

Ataa Educational Co. announces the latest developments regarding the signing of a binding memorandum of understanding (MoU) with the Arabian Education and Training Group Co. in relation to the potential acquisition of the full shareholders' shares of the company

Element List	Explanation
Introduction	Ataa Educational Company announces that the General Authority for Competition has issued its decision (with no objections) regarding the acquisition of the Arabian Education and Training Group Co., and Ataa will complete the acquisition procedures and announce the completion of the deal in a timely manner.
Previous Announcement	Ataa Educational Company announces the signing a binding memorandum of understanding (MoU) with the Arabian Education and Training Group Co. in relation to the potential acquisition of the full shareholders' shares of the company
Date of Previous Announcement on Tadawul's Website	2021-02-09 Corresponding to 1442-06-27
Percentage of fulfilled achievement	55%
Event's Expected Completion Date	Within the first quarter of the next fiscal year
Reasons for Exceeding the Announced End Date	N/A
The costs associated with the event, and if they have changed or not with indication of the reasons.	Currently there is no change on the costs associated with the deal.
Impact of the Delay on the Company's Financial Results	N/A
Additional Information	Ataa Educationl Company will announce any additional developments in a timely manner

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