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Riyadh – Mubasher: Saudi Arabia-based, Al Khaleej Training and Education extended its memorandum of understanding (MoU) with Arab National Investment Company (ANB Invest) to launch an income-generating real estate fund, with a focus on the education sector.
The MoU was extended on 30 October, and it will end on 5 December, according to a statement on Thursday to the Saudi Stock Exchange (Tadawul).
MoU’s extension was implemented to complete the procedures with the same items which were agreed on.
On 5 July, Al Khaleej Training signed MoU with ANB to establish an income-generating real estate fund, with focus on the educational sector to allocate the fund for developing and establishing educational buildings.
By 11:19 am KSA time, Al Khaleej Training’s stock inched down 0.05% to reach SAR 19.