|07 November, 2019

Saudi Ataa Educational cancels acquisition plan

The Tadawul-listed company’s decision will not have a financial impact

Image for illustrative purpose. Saudi elementary students from Children's World School sit for an exam in Jeddah.

Image for illustrative purpose. Saudi elementary students from Children's World School sit for an exam in Jeddah.

REUTERS/STR New

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

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Equities