Riyadh – Mubasher:  National Company for Learning and Education (NCLE) has signed a non-binding memorandum of understanding (MoU) with Al Ghad National School to acquire 100% of its shares.

The deal is renewable and will be effective for 30 days as of the signing date, 13 October, according to a filing to the Saudi Stock Exchange (Tadawul) on Monday.

Under the deal, the financial value of the acquisition will be determined after completing the due diligence process.

Moreover, the relevant financial impact will be defined later.