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Alkhaleej Training and Education Company announces the signing of an agreement with Gordon Ramsay Holdings International LimitedCulinary.
| Element List | Explanation |
|---|---|
| Introduction | Alkhaleej Training and Education Company announces the signing of an agreement with Gordon Ramsay Holdings International Limited to establish and operate Gordon Ramsay Academy for culinary arts in Saudi Arabia. |
| Date of Announcement of the Award | 2025-08-12 Corresponding to 1447-02-18 |
| Contract Subject Matter | An exclusive partnership between the two parties to establish a branch of the Gordon Ramsay Academy for culinary arts in Saudi Arabia |
| The Entity with Which the Contract was Signed | Gordon Ramsay Holdings International Limited Culinary |
| Date of Signing the Contract | 2025-08-12 Corresponding to 1447-02-18 |
| Contract Value | 2,812,500 Saudi Riyals |
| Contract Details | The contract grants Alkhaleej Training and Education Company exclusive rights to establish and operate branches of the Gordon Ramsay Academy for culinary arts in three cities in Saudi Arabia (Riyadh, Jeddah, Khobar) under the Gordon Ramsay Academy brand. The Licensor will provide operational, culinary, and marketing support as specified in the agreement, including trademark rights, operational standards, training, and compliance. |
| Contract Duration | 10 years, renewable |
| Financial Impact and the Relevant Period | It is expected that this agreement will have a positive impact on the company's financial results starting from the opening of the first academy, planned for December 31, 2025, and the financial impact will continue throughout the contract duration. |
| Related Parties | There are no related parties. |
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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