Ataa Educational Co. — Capital/Financing Update 2023

Oct 3, 2023

Ataa Educational Co. Announces an update on Ataa Educational Company announces the signing of its subsidiary company (Arab Group for Education and Training Company) an agreement to purchase all shares in Glory Generation International School Company at a value of 3.850.000 million

4292 · 03/10/2023 08:21:23 · Announcement #76085 · View on Saudi Exchange

Ataa Educational Co. Announces an update on Ataa Educational Company announces the signing of its subsidiary company (Arab Group for Education and Training Company) an agreement to purchase all shares in Glory Generation International School Company at a value of 3.850.000 million

Element List	Explanation
Introduction	Further to the announcement of Ataa Educational Company (the “Company”) on 05/01/1445 AH (corresponding to 23/07/2023 AD) that its subsidiary (Arab Group for Education and Training Holding Company) signed an agreement to purchase all shares in Glory Generation International School Company. hereby announces to its shareholders the issuance of the General Authority for Competition’s decision on16/03/1445AH - 01/10/2023 AD not to object to the completion of the purchase transaction, so that the ownership of the Arab Group for Education and Training Holding Company becomes 100% for Glory Generation International School Company .
Previous Announcement	Ataa Educational Company announces the signing of its subsidiary company (Arab Group for Education and Training Company) an agreement to purchase all shares in Glory Generation International School Company at a value of 3.850.000 million
Date of Previous Announcement on Tadawul's Website	2023-07-23 Corresponding to 1445-01-05
Percentage of fulfilled achievement	N/A
Event's Expected Completion Date	N/A
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.	N/A
Impact of the Delay on the Company's Financial Results	N/A
Additional Information	The financial impact of the deal will be visible on the financial results of the fiscal year ending on 31-07-2023

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