Ataa Educational Co. — Capital/Financing Update 2025

Jul 30, 2025

Ataa Educational Co. Announces the Selling of A Branch of a Subsidiary Company in the amount of 40,000,000 Saudi Riyals (forty million Saudi Riyals)

4292 · 30/07/2025 16:29:51 · Announcement #89117 · View on Saudi Exchange

Ataa Educational Co. Announces the Selling of A Branch of a Subsidiary Company in the amount of 40,000,000 Saudi Riyals (forty million Saudi Riyals)

Element List	Explanation
Introduction	Ataa Educational Company announces that its wholly-owned subsidiary, Arabian Education and Training Group Holding Company, has signed a sale and purchase agreement with Qiyam Real Estate Company to sell its branch, represented by “Al-Faisal International Academy for Training.”
Transaction Details	Ataa Educational Company announces that its wholly-owned subsidiary, Arabian Education and Training Group Holding Company, has signed a sale and purchase agreement with Qiyam Real Estate Company to sell its branch, represented by “Al-Faisal International Academy for Training,” for a total consideration of SAR 40,000,000.
Transaction Amount	40,000,000 Saudi Riyals (forty million Saudi Riyals)
Transaction Conditions	The transaction is subject to customary terms, conditions, rules, regulations, and procedures applicable in the Kingdom of Saudi Arabia.
Parties of the Transaction	Seller: Arabian Education and Training Group Holding Company (a subsidiary of Ataa Educational Company).

Buyer: Qiyam Real Estate Company. Transaction Financing Method Not Applicable. Date of Entering Into The Transaction 2025-07-30 Corresponding to 1447-02-05 Description of Activity of The Asset Subject of The Transaction Al-Faisal International Academy for Training is a branch of Arabian Education and Training Group Holding Company, operating in the training sector. Asset Book Value The exact book value of the asset will be determined based on the audited financial statements as of July 31, 2025. Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction The financial results of Al-Faisal International Academy for Training are consolidated within the financial statements of Arabian Education and Training Group Holding Company, as it operates as a branch of the company. Transaction reasons In line with Ataa Educational Company's strategy to focus on the education sector as its core business activity. Expected Impact of the Transaction on the Company and Its Operations The positive financial impact of this transaction will be reflected in the Company’s financial statements starting from the first quarter of the fiscal year 2026. Details of Using The Proceeds of the Asset Sale The proceeds from the transaction will be used to support the Company's overall financial position and enhance its operational liquidity. Related Parties Not Applicable. Additional Information Al-Faisal International Academy for Training is a branch of Arabian Education and Training Group Holding Company, which is wholly owned by Ataa Educational Company.

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