Al Masar Al Shamil Signs MOU to Acquire 60% of Al Qalam
Al Masar Al Shamil Education Co. announced a non-binding MOU to acquire 60% of Al Qalam Educational Trading Company, subject to due diligence and regulatory approvals.
Key Numbers
Al Masar Al Shamil Education Co. (6019) announced on June 21, 2026, the signing of a non-binding Memorandum of Understanding on June 18, 2026, with partners of Al Qalam Educational Trading Company to potentially acquire a 60% ownership interest in the target company. The MOU is valid until September 30, 2026 and is extendable, allowing comprehensive due diligence.
Deal Details
| Item | Detail |
|---|---|
| Acquirer | Al Masar Al Shamil Education Co. (6019) |
| Target | Al Qalam Educational Trading Company |
| Target Stake | 60% |
| Agreement Type | Non-binding MOU |
| Signing Date | June 18, 2026 |
| Validity | Until September 30, 2026 (extendable) |
| Next Steps | Due diligence, binding agreements, regulatory approvals |
The transaction value and payment terms were not disclosed.
Rationale
The acquisition aligns with the Company's strategy to expand its education services into new market segments, potentially strengthening its presence in commercial education.
Regulatory Hurdles
The deal is subject to satisfactory commercial, financial, legal, and tax due diligence, as well as obtaining necessary regulatory approvals. Specific regulators were not named.
Impact on Stocks
No immediate stock price reaction has been observed for 6019. Investors await the outcome of due diligence and the signing of binding agreements.
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