Riyadh – Mubasher: Ataa Educational Company has extended its memorandum of understanding (MoU) with Arabian Education and Training Group Holding Company for an additional 90 working days, according to a disclosure to Tadawul.
The MoU covers a potential acquisition of the entire shares of Arabian Education.
Ataa Educational said in a February disclosure that the acquisition will be in exchange for cash payment and issuing shares in Ataa Educational.
Arabian Education is a closed joint-stock company with a paid-up capital amounting to SAR 200 million.
