Al Khaleej Extends GFH Bank Merger MOU 180 Days

ALKHALEEJ TRNG

ALKHALEEJ TRNG

4290.SA

0.00

On June 17, 2026, Al Khaleej Training and Education Company announced an extension of its non-binding memorandum of understanding with GFH Bank regarding the merger of educational assets. The extension runs for 180 days from June 18, 2026 to December 17, 2026, under the same terms and conditions as the original agreement signed on January 18, 2026. The proposed merger involves Al Khaleej's 13 schools and GFH Bank's 10 schools and one university through a 100% in-kind share swap transaction. The extension allows both parties to complete evaluation, due diligence work, and negotiations covering structural, financial, tax and legal aspects through their independent advisors.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96171&anCat=1&cs=4290&locale=ar

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.

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