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Meyar Co. announces signing a Memorandum of Understanding with Al-Majma’ah University.
| Element List | Explanation |
|---|---|
| Introduction | Meyar Company announces the signing of a Memorandum of Understanding (MoU) with Al-Majma’ah University. This agreement aims to support development plans, enhance partnerships between the industrial and academic sectors, and activate employment and training programs to qualify national cadres and enable Saudi youth to integrate into the labor market. This agreement aims to support cooperative training programs, thus helping to identify qualified cadres during training University to be employed in various fields within the company when needed. It also aims to exchange expertise and contribute to the development of academic programs in line with labor market needs, enhance joint work, and implement related activities by raising the level of representation and cooperation between the two parties, and the participation of each party in activities and events organized by the other party to serve common goals. This agreement is a qualitative step towards building a system to support localization and human development initiatives, which will contribute to achieving the goals of the Kingdom's Vision 2030 through cooperation with academic institutions. |
| Memorandum Signing Date | 2025-09-16 Corresponding to 1447-03-24 |
| Counterparty | Al-Majma’ah University |
| Memorandum Subject | 1- Cooperation and provision of all capabilities to both parties within their respective fields of expertise to achieve the objectives of the Memorandum and its annexes, in accordance with the rules, regulations, and instructions of each party. 2- The two parties will cooperate in common areas of service, administration, education, studies, training, and community service, and will provide support, assistance, and technical and professional advice to each other, according to available capabilities and as approved by the rules and regulations of each party. 3- Each party, in accordance with its applicable rules, regulations, and instructions, will refer to the other party in all news and coverage of events implemented pursuant to this Memorandum, when published in the media and on social media, after obtaining the necessary approval from both parties. |
| Memorandum Duration | 12 Months |
| Related Parties | Not applicable. |
| Financial Impact | There is no financial impact from this agreement as it is based on services between the two parties. If there is any financial impact from this agreement, it will be announced in due course. |
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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