On June 21, 2026, Al Masar Al Shamil Education Co. announced the signing of a non-binding Memorandum of Understanding on June 18, 2026, with partners of Al Qalam Educational Trading Company to potentially acquire a 60% ownership interest in the target company. The MOU is valid until September 30, 2026 and is extendable, allowing the parties to conduct comprehensive due diligence including commercial, financial, legal, and tax assessments. The potential acquisition aligns with the Company's strategy to expand its education services into new market segments, though completion remains subject to satisfactory due diligence results, negotiation of binding agreements, and obtaining necessary regulatory approvals.

Original announcement:

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.