Saudi Al-Khaleej Training acquires 60% of Al-Faisaliah schools for $16m

Follow-ups -eshrag News:

Tue, 2022-07-05 16:55

RIYADH: Saudi Al-Khaleej Training and Education Co. has acquired a 60 percent stake in Al-Faisaliah National Schools Co.

The acquisition deal is worth SR60 million ($16 million) and is subject to obtaining the necessary regulatory approvals, according to a bourse filing.

Listed on Saudi Arabia’s main stock index TASI, Al-Khaleej Training narrowed its net losses by 33 percent to SR5.09 million during the first quarter of 2022, down from SR7.6 million in the same period a year ago.


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