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Ataa Educational inks MoU to acquire Al Enayah Schools in Riyadh

Ataa Educational inks MoU to acquire Al Enayah Schools in Riyadh
The final value of the deal will be set once due diligence is completed
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Riyadh – Mubasher: Ataa Educational Co announced it has signed a non-binding memorandum of understanding (MoU) with Abdullah bin Abdulrahman Alhamdan & Sons Company to acquire Al Enayah Schools in Riyadh.

The MoU sets the commitments of both parties and their mutual rights regarding the acquisition, Ataa said in a filing to the Saudi Stock Exchange (Tadawul) on Sunday.

The transaction will be implemented in accordance with the proposals provided and approved by the two parties, the company indicated.

The two companies have agreed to set a preliminary evaluation for the transaction and the final value of the deal will be set once due diligence is completed, according to the filing.