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National Learning fulfills conditions of acquiring full stakes in Al-Salam Education
01/12/2022
Argaam
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Logo of The National Company for Learning & Education (NCLE)
The National Company for Learning & Education (NCLE) announced fulfilling all preconditions related to the full acquisition of Al Salam Education and Training Co., according to a filing to Tadawul today, Dec. 1.
The preconditions include obtaining the regulatory approvals and submitting additional representations and other documents by the sellers to NCLE.
Consequently, the ownership of Al-Salam's entire shares was transferred to NCLE.
On July 13, NCLE signed a share purchase agreement (SPA) with shareholders of Al Salam Education to buy their entire shares for SAR 72 million, according to data available with Argaam.
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