Alandalus MoU with Sama Aquila expires without renewal

05:50 PM (Mecca time) Argaam
Logo ofAlandalus Property Co.

Logo of Alandalus Property Co.

Alandalus Property Co. said its non-binding memorandum of understanding (MoU) with Sama Aquila Educational Co has expired without renewal.

 

The expiration does not create any financial obligations and has no impact on its financial position or operating results, the company added in a statement to Tadawul today, March 1.

 

According to data available with Argaam, Alandalus had signed the non-binding MoU with Sama Aquila in January as a preliminary step toward a contract to develop, construct, and lease an educational complex to an international operator.

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