Ataa gets no-objection from GAC on Al Yasmin buyout

23/05/2023 Argaam

Ataa gets no-objection from GAC on Al Yasmin buyout

Logo of Ataa Educational Co.

Ataa Educational Co. obtained, on May 21, the approval of the General Authority For Competition (GAC) on the buyout of Al Yasmin International Co., according to a statement to Tadawul.

 

Accordingly, Ataa’s subsidiary, Arabian Education and Training Group, will own 100% of Al Yasmin International. 

 

The deal will likely be completed after approval of the company’s general meeting.

 

In March, Arabian Education signed an agreement to purchase 100% of Al Yasmin International Co.’s capital, at a total value of SAR 18.36 million, provided negotiations with the company’s shareholders are concluded, Argaam reported.

 

For More Mergers and Acquisitions

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