Riyadh – Mubasher: Ataa Educational Co has announced the cancellation of a plan to acquire schools in Riyadh after the completion of the due diligence.
The Tadawul-listed company’s decision will not have a financial impact, according to a bourse statement released on Thursday.
In October, Ataa signed a non-binding memorandum of understanding with Abdullah bin Abdulrahman Alhamdan & Sons Company to acquire Al Enayah Schools in Riyadh.
