Ataa Educational gets GAC nod to fully acquire Al-Alson International

12/10/2023 Argaam
Logo ofAtaa Educational Co.

Logo of Ataa Educational Co. 

Ataa Educational Co. obtained on Oct. 11 the approval of the General Authority for Competition (GAC) to fully acquire Al-Alson International Co. (AIS), according to a Tadawul statement.

 

The relevant financial impact is expected to appear in the financial results for the fiscal year ending on July 31, 2023.

 

In July, Ataa stated that its subsidiary, Arabian Education and Training Group (AETG), signed an agreement to acquire the entire shares of Al-Alson International School (AIS) for SAR 38.3 million, Argaam earlier reported.

 

AETG was holding a 62.8% stake before this acquisition.

 

For More Mergers and Acquisitions

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.