Almasar Alshamil signs MoU to acquire 60% of Al Qalam Educational

Almasar Alshamil said the MoU will remain valid until Sept. 30, 2026, subject to extension

Almasar Alshamil Education Co. said it signed a non-binding memorandum of understanding (MoU) with the partners of Al Qalam Educational Trading Co., an LLC, to assess the potential acquisition of a 60% stake in Al Qalam Educational.

The MoU was signed on June 18, 2026, and will remain valid until Sept. 30, 2026, subject to extension, the company said in a statement to Tadawul.

No financial advisor has been appointed, while specialized advisors will be named to complete the due diligence process, the statement said.

The MoU includes several customary provisions and clauses that will govern the relationship between both parties during the evaluation and negotiation phase, including confidentiality and exclusivity.

Completion of the acquisition requires obtaining the necessary regulatory and legal approvals from the relevant authorities, the statement said, adding that no related parties are involved.