‎National Learning fulfills conditions of fully acquiring Al-Salam Education

‎National Learning fulfills conditions of fully acquiring Al-Salam Education

National Company for Learning and Education (NCLE) announced fulfilling all preconditions related to the full acquisition of Al Salam Education and Training Co., according to a filing to Tadawul today, Dec. 1.

The preconditions include obtaining the regulatory approvals and submitting additional representations and other documents by the sellers to NCLE.

Consequently, the ownership of Al-Salam's entire shares was transferred to NCLE.

On July 13, NCLE signed a share purchase agreement (SPA) with shareholders of Al Salam Education to buy their entire shares for SAR 72 million, according to data available with Argaam.

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