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Academy of Learning Company announces the approval of the Board of Directors to establish a subsidiary with limited liability
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| Announcement Detail | Academy of Learning Company announces the approval of its Board of Directors on 10/11/1445 AH corresponding to 18/05/2024 AD to establish a company specializing in private and foreign education with a capital of (10,000,000 ) Saudi riyals. The company will aim to invest in the private education sector in the Kingdom due to its promising opportunities. This trend aligns with the Academy’s strategic vision, which seeks to grow, develop business, and diversify revenues. It will practice establishing, operating, and acquisition of schools in private and foreign education. The decision to establish this company is built on the Academy’s distinguished educational and successful training experiences over the past twenty years, noting that establishing the schools will be through the Academy’s resources and external funding. We will announce later any updates in this regard. Good luck to us all. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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