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Al-Masaar Al-Shamel to acquire 60% of Al-Qalam Education
Al-Masar Al-Shamel for Education Company announced the extension of the non-binding Memorandum of Understanding signed with Al-Qalam Educational Company for an additional two months until November 30, 2026, to complete the potential acquisition of 60% of the company's capital. This extension aims to finalize the financial, legal, and operational due diligence, and to continue negotiations regarding the final agreements, with no changes to the core terms. The deal is still contingent upon a definitive agreement and contract signing, and does not currently affect the company's financial statements.
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