Ataa Educational issues shareholders’ circular on capital increase to acquire Naba'a Educational

01/06/2022 Argaam

Logo of Ataa Educational Co.

Ataa Educational Co. issued today, June 1, the shareholders’ circular related to capital increase to acquire Naba'a Educational Co., according to a bourse filing.

 

On May 25, the Capital Market Authority (CMA) approved the company’s application to increase its capital from SAR 400 million to SAR 420.87 million through issuing 2.09 million ordinary shares to acquire Naba'a. The acquisition is set to be made by Ataa’s wholly-owned subsidiary, Arabian Education and Training Group. 

 

In December 2021, the company signed a sale and purchase agreement (SPA) to acquire Naba'a through its subsidiary, Arabian Education, according to data available with Argaam.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read