Ataa Educational Co (4292)

Riyadh – Mubasher: Ataa Educational Company renewed a Sharia-compliant facility worth SAR 50 million with Saudi National Bank (SNB) on 18 January 2023 for one year. The firm will use the loan, which is secured by a promissory note, to finance its …

Riyadh – Mubasher: Ataa Educational Company penned a lease deal worth SAR 118.02 million with Tatweer Buildings Company on 1 January 2023. Meanwhile, the annual lease value of the contract is SAR 4 million, according to a bourse filing. Located in …

Riyadh – Mubasher: Arabian Education and Training Group Holding Company, a subsidiary of Ataa Educational Company, has inked a Sharia-compliant Murabaha financing agreement worth SAR 100 million with Emirates NBD. The subsidiary will use the …

Riyadh – Mubasher: Ataa Educational Company has recorded a 498.99% year-on-year (YoY) hike in net profits after Zakat and tax during the period from August 2021 to January 2022. The company recorded net profits worth SAR 67.72 million in the first …

Riyadh – Mubasher: Ataa Educational Company has extended its Sharia-compliant credit facilities agreement with Banque Saudi Fransi at a total value of SAR 150 million. The Saudi listed company has obtained the one-year loan on 31 January, with a …

Riyadh – Mubasher: Ataa Educational Company has renewed its credit facilities agreement with Saudi National Bank at a total value of SAR 50 million. The company obtained the Sharia-compliant funding on 4 January 2022, for a duration of one year, …

Riyadh – Mubasher: Ataa Educational Company has signed an agreement for its subsidiary the Arabian Education and Training Group Holding Company to wholly acquire Naba'a Educational Company. As part of the agreement, Ataa will raise its capital by …

Riyadh – Mubasher: Ataa Educational Company has appointed Fahad bin Abdulaziz Al Tuwaijri as the company's CEO following the resignation of Ibrahim bin Abdulkarem Al Turki from the position. Al Turki has submitted his resignation due to personal …

Riyadh – Mubasher: Ataa Educational Company reported a net profit of SAR 37.07 million in the fiscal year ended 31 July, down by 51.1% year-on-year (YoY) from SAR 75.8 million.  The profit drop was ascribed to a 17% YoY decline in revenues to SAR …

Riyadh – Mubasher: The board of Ataa Educational Company has recommended raising the company’s capital by 10% through bonus shares. The company's capital will increase from SAR 400 million to SAR 440 million by capitalising SAR 40 million from the …

Riyadh – Mubasher: Ataa Educational Company has signed a deal worth SAR 138 million to acquire the entire shares of the Arabian Education and Training Group Holding Company. The acquisition transaction was concluded on 8 August after completing …

Riyadh – Mubasher: Ataa Educational Company has penned an appendix to its memorandum of understanding (MoU) with the Arabian Education and Training Group Holding Company that covers a potential acquisition of the latter. The appendix aims to amend …

Riyadh – Mubasher: Ataa Educational Company has signed a Shariah-compliant agreement with Riyad Bank to obtain facilities worth SAR 278.25 million. The loan duration stands at 10 years from the date of signing the deal on 6 July 2021, according to …

Riyadh – Mubasher: Ataa Educational Company has completed the purchase deal of Al Elm International Schools Company for SAR 40 million, according to a bourse filing on Sunday. This acquisition came in line with Ataa Educational’s expansion plan to …

Riyadh – Mubasher: The Saudi General Authority for Competition (GAC) approved for Ataa Educational Company to acquire Arabian Education and Training Group Co., according to a bourse filing on Wednesday. Ataa expected to complete the takeover …

Riyadh – Mubasher: Ataa Educational Company achieved a net profit after Zakat and tax worth SAR 17.65 million during the nine-month period ended on 30 April 2021, a plummet of 61.5% from SAR 45.87 million in the same period a year earlier. …

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 …

Riyadh – Mubasher: Ataa Educational Company has signed a Shariah-compliant Murabaha financing agreement worth SAR 125 million with the Saudi Investment Bank (SAIB). The financing agreement aims to reschedule a number of existing loans with some …

Riyadh – Mubasher: Ataa Educational Company registered SAR 6.39 million in net earnings during the six-month period ended on 31 January 2021, a plunge of 63% from SAR 17.28 million in the prior-year period. The drop in the company’s interim profit …

Riyadh – Mubasher: Ataa Educational Company has inked a partnership agreement to acquire 52% of Riyadh-based Al Wasat National Schools for Training and Education Company, a limited liability company. The transaction was concluded in exchange for a …

Riyadh – Mubasher: The ordinary general meeting (OGM) of Ataa Educational Company approved the board’s proposal for a cash dividend distribution of 10% of capital, amounting to SAR 40 million or SAR 1 per share, for the year ended 31 July 2020. …

Riyadh – Mubasher: Ataa Educational Company gained SAR 4.9 million in net profits during the first quarter (Q1) of fiscal year (FY) 2020/2021, a drop of 69.7% when compared to SAR 16.3 million in the prior-year quarter. The decline in net earnings …

Riyadh – Mubasher: Ataa Educational Company on 4 November signed an annual lease agreement with Tatweer Buildings Company (TBC), a limited liability company, to rent an educational complex for a period of 35 years for SAR 98.36 million. The …

Riyadh – Mubasher: Ataa Educational Company said it inked a Sharia-compliant credit facility agreement with Samba Financial Group worth SAR 50 million to finance the company’s working capital when needed. The loan was granted to Ataa Educational …

Riyadh – Mubasher: Ataa Educational Company’s net profits after Zakat and tax amounted to SAR 45.88 million in the nine months ended 30 April 2020, up by 2.4% from SAR 44.77 million in the same period a year earlier. On an annual basis, revenues …