Ataa extends MoU to sell 2 branches of Arabian Education and Training Group

04:38 PM (Mecca time) Argaam
Logo ofAtaa Educational Co.

Logo of Ataa Educational Co.

Ataa Educational Co. renewed a memorandum of understanding (MoU) signed with Digital Future Co. for additional 20 days until Dec. 15, 2024. The extension follows a mutual agreement between the parties.

 

Any material developments regarding the MoU will be disclosed in due course, the company said in statement to Tadawul.

 

For more news and details on M&As

 

In August, Ataa received a proposal from Digital Future to acquire Creative Development Co. and Al Faisal International Academy, branches of Arabian Education and Training Group that is 100%-owned by Ataa, according to Argaam's data.

 

The MoU was previously extended in October by an additional 20 days, setting a new deadline of Nov. 15, 2024.

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