Ataa Educational Co. — M&A Activity 2021

Aug 9, 2021

Ataa Educational Company announces the signing of an agreement to acquire the entire shares of The Arabian Education and Training Group Holding Co. (Saudi closed joint-stock company) with a total value of 138 million Saudi riyal

4292 · 09/08/2021 08:06:10 · Announcement #64434 · View on Saudi Exchange

Ataa Educational Company announces the signing of an agreement to acquire the entire shares of The Arabian Education and Training Group Holding Co. (Saudi closed joint-stock company) with a total value of 138 million Saudi riyal

Element List	Explanation
Introduction	Ataa Educational Company announces that it has signed an agreement to acquire the entire shares of the Arabian Education and Training Group Holding Co. (Saudi closed joint-stock company) with a total value of (138) million Saudi riyals.
Transaction Details	Ataa Educational Company announces that it has signed an agreement to acquire the entire shares of the Arabian Education and Training Group Holding Co. ( Saudi closed joint-stock company) with a total value of (138) million Saudi riyals, after completing the due diligence procedures through the company’s financial and legal advisors.
Transaction Value	138 Million Saudi Riyal
Transaction Terms	There are no special conditions
Parties of the Transaction	-Ataa Educational Company (the buyer).

-the shareholders of the Arabian Education and Training Group Holding Co. (the seller). Transaction Funding Method Bank financing Transaction Execution Date 2021-08-08 Corresponding to 1442-12-29 Description of the Business of the Asset forming the Subject Matter of the Transaction The Arabian Education and Training Group Holding Company is a Saudi closed joint-stock company with a capital of 200 million Saudi riyals, working in the fields of education, training and employment, and its subsidiaries are:

- Academic Company For Educational Services,

- Al Yasmeen International Company,

- Glory Generation International National Schools,

- Creative Development Company,

- Al Faisal International Academy Institutes Training Company,

- Al Alson International Schools,

- Amjad Qurtuba Company for Educational Services. Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction Total revenue:

For the fiscal year ending on July 31, 2020, it amounted to (228,6) million riyals.

For the fiscal year ending on July 31, 2019 (7 months), it amounted to (89,5) million riyals.

For the fiscal year ending on December 31, 2018, it amounted to (149.8) million riyals.

Net profit:

For the fiscal year ending on July 31, 2020, it achieved a net profit of 4.7 million riyals.

For the fiscal year ending on July 31, 2019 (7 months), it achieved a net profit of 11.7 million riyals.

For the fiscal year ending on December 31, 2018, it achieved a net profit of 10 million riyals. Transaction reasons This acquisition deal comes in line with Ataa Educational Company's strategy to expand services in the educational and training sectors with the aim of increasing the return on equity for the company's shareholders. Expected Impact of the Transaction on the Company and Its Operations Ataa Educational Company expects that the financial impact of the acquisition will appear starting from the first (current) quarter of the fiscal year ending on 07/31/2022. Related Parties N/A

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.