Al-Masar Al-Shamel extends MoU for 60% of Al-Qalam Education

Al-Masaar Al-Shamel for Education announced the extension of the non-binding Memorandum of Understanding signed with Al-Qalam Educational Trading Company for an additional two months, aiming to proceed with negotiations and procedures related to the potential acquisition of 60% of the company's capital. The extension began on October 1, 2026, and will end on November 30, 2026, to allow time to complete legal, financial, and operational due diligence, as well as to continue negotiations for the final deal. No changes have been made to the core terms of the agreement, which remains non-binding, pending the conclusion of a definitive agreement, signing of contracts, and completion of related procedures. The extension currently has no financial impact on the company's financial statements.

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