Riyadh – Mubasher: The extraordinary general meeting (EGM) of Alkhaleej Training and Education Company has approved a capital increase by SAR 200 million.

By offering 20 million rights shares, the company seeks to raise the capital to acquire assets in education, according to a bourse filing on Thursday.

It is noteworthy to mention that during the third quarter (Q3) of 2021, the company announced a year-on-year (YoY) rise of 21.47% in net profits after Zakat and tax to SAR 7.93 million from SAR 6.53 million.