Ataa Educational Co. — M&A Activity 2024

Aug 29, 2024

Ataa Education Company announces the signing of an MOU with Future Digital Company

4292 · 29/08/2024 08:41:06 · Announcement #82300 · View on Saudi Exchange

Ataa Education Company announces the signing of an MOU with Future Digital Company

Element List	Explanation
Introduction	Ataa Educational Company received an offer from The Digital Future Company to acquire Creative Development and AL Faisal International Academy, which are branches of Arabian Education and Training Group owned by Ataa Educational Company at100%.
Memorandum Signing Date	2024-08-26 Corresponding to 1446-02-22
Counterparty	The Digital Future Company
Memorandum Subject	The company received an offer from The Digital Future Company to study the possibility of acquiring Creative Development and Al Faisal International Academy (Branches of Arabian Education and Training Group owned by Ataa Educational Company at 100%)

The offer was approved by the Board of Directors due to the company's strategy to concentrating its efforts on the national and international education sectors. Memorandum Duration 60days Related Parties None Financial Impact The financial impact will be determined later Additional Information Any material developments regarding the MOU 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.