Al-Masar Al-Shamel to acquire majority of Al-Qalam

Al Masar Al Shamel for Education announced the signing of a non-binding Memorandum of Understanding with partners of Al Qalam Educational Company to acquire a 60% stake in its capital, aiming to strengthen its presence in the educational sector and expand its activities. The memorandum was signed on June 18, 2026, and remains valid until the end of September of the same year, with the possibility of extension. It includes the study of operational, financial, and legal aspects before making a final decision. There are no related parties involved in the deal, and the company plans to engage specialized advisors to complete the evaluation processes.

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