Riyadh – Mubasher: Saudi Arabia-based Al Khaleej Training and Education announced extending a memorandum of understanding (MoU) with Arab National Investment Company (ANB Invest) until 5 March 2018.

The MoU was signed on 5 July 2017 to launch an income-generating real estate investment traded fund (REIT Fund) which will focus on the educational sector, according to a bourse filing on Sunday.

The MoU’s extension came to complete the procedures with the same terms which were agreed upon previously.

The firm’s stock inched down 0.62%, closing Thursday at SAR 19.34.