Ataa Educational Co. — M&A Activity 2021

Jun 3, 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 · 03/06/2021 16:00:41 · Announcement #63660 · 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 parties to the MoU have agreed to extend the duration of the MoU for another 90 working days starting from the end of the previous duration, and on the same terms and conditions.
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	50%
Event's Expected Completion Date	within the additional new period of the MoU
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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