Riyadh –  Ataa Educational Co has announced the cancellation of a plan to acquire schools in Riyadh after the completion of the due diligence.

The Tadawul-listed company’s decision will not have a financial impact, according to a bourse statement released on Thursday.

In October, Ataa signed a non-binding memorandum of understanding with Abdullah bin Abdulrahman Alhamdan & Sons Company to acquire Al Enayah Schools in Riyadh.

Source: Mubasher

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