Ataa subsidiary sells Al-Faisal International Academy for SAR 40M

Logo of Ataa Educational Co.

Ataa Educational Co. said its 100%-owned subsidiary, Arabian Education and Training Group Holding Co., signed a sale and purchase agreement with Qiam Real Estate Co. to sell its branch, Al-Faisal International Academy Co., for SAR 40 million.

The company said in a Tadawul filing that the asset’s final book value will be determined based on audited financials as of July 31, 2025, noting that Al-Faisal International Academy’s results are already consolidated under the holding company.

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Ataa Educational expects the deal to have a positive impact starting in Q1 2025/26, with proceeds allocated to strengthen its financial position and boost operating liquidity.

The transaction supports Ataa Educational’s strategy to focus on education as its core activity, with no related parties to the deal.

The deal, signed on July 30, is subject to standard regulations and procedures in Saudi Arabia. Al-Faisal International Academy is a branch of the holding group that works in the training industry.