Ataa Educational Co. — Capital/Financing Update 2024

Aug 4, 2024

Ataa Educational Company announces the signing of a partnership contract with Buckswood Global Educational.

4292 · 04/08/2024 08:02:22 · Announcement #81671 · View on Saudi Exchange

Ataa Educational Company announces the signing of a partnership contract with Buckswood Global Educational.

Element List	Explanation
Introduction	Ataa Educational Company has signed a partnership contract with Buckswood Global Educational to launch Buckswood Riyadh, a British School in Riyadh
Previous Announcement	Ataa Educational Co. announces signing a Memorandum of Understanding with Buckswood Education Global
Date of Previous Announcement on Saudi Exchange’s Website	2024-05-15 Corresponding to 1445-11-07
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Following the announcement by Ataa Educational Company regarding the signing of a Memorandum of Understanding with Buckswood Global Educational on 07-11-1445 corresponding to 05-15-2024 ; Ataa Educational Company has signed a partnership contract with Buckswood Global Educational to invest in the educational field in the Kingdom. The Buckswood Riyadh School "Limited Liability Company" was established with a capital of 100,000 Saudi Riyals, with 80% ownership for Ataa Educational Company and 20% for Buckswood Global Educational, and its headquarters will be in Riyadh, Saudi Arabia.

This company's establishment is to manage and operate Buckswood Riyadh British School for (kindergarten, primary, middle, and secondary) stages, according to the license issued by the Ministry of Commerce No. (7041198578) and dated 01/08/2024 Reasons For The Delay on The Date of The Event Previously Announced not applicable The costs associated with the event, and if they have changed or not with indication of the reasons. not applicable Delay consequences on the Company’s financial results not applicable Additional Information Any significant developments regarding the partnership contract will be announced.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.