Ataa Educational Co (4292)

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News

7 January 05:26 PM Ataa Educational obtains SAR 189.5m loan from Banque Saudi Fransi

Riyadh – Mubasher: Ataa Educational Company renewed its Sharia-compliant facility agreement with Banque Saudi Fransi at a total value of SAR 189.36 million. The financing deal is secured by a promissory note and real estate guarantees, according …

Companies Investments

10 September 2024 02:03 PM Ataa Educational renews SAR 510.5m loan from SAIB

Riyadh – Mubasher: Ataa Educational Company extended its Sharia-compliant facility deal with The Saudi Investment Bank (SAIB) at SAR 510.46 million on 9 September 2024. The facility agreement is secured by a promissory note with the value of the …

Companies Investments

19 January 2023 05:34 PM Ataa Educational unveils SAR 50m loan from SNB, dividends for FY21/22

Riyadh – Mubasher: Ataa Educational Company renewed a Sharia-compliant facility worth SAR 50 million with Saudi National Bank (SNB) on 18 January 2023 for one year. The firm will use the loan, which is secured by a promissory note, to finance its …

Banking and Finance

3 January 2023 03:47 PM Ataa Educational inks SAR 118m lease contract with Tatweer Buildings

Riyadh – Mubasher: Ataa Educational Company penned a lease deal worth SAR 118.02 million with Tatweer Buildings Company on 1 January 2023. Meanwhile, the annual lease value of the contract is SAR 4 million, according to a bourse filing. Located in …

Companies Investments

23 March 2022 02:19 PM Ataa Educational’s unit inks SAR 100m Murabaha financing with Emirates NBD

Riyadh – Mubasher: Arabian Education and Training Group Holding Company, a subsidiary of Ataa Educational Company, has inked a Sharia-compliant Murabaha financing agreement worth SAR 100 million with Emirates NBD. The subsidiary will use the …

Banking and Finance

10 March 2022 08:51 PM Ataa Educational’s profits leap in H1-21/22

Riyadh – Mubasher: Ataa Educational Company has recorded a 498.99% year-on-year (YoY) hike in net profits after Zakat and tax during the period from August 2021 to January 2022. The company recorded net profits worth SAR 67.72 million in the first …

Financial Results

31 January 2022 05:55 PM Ataa Educational renews SAR 150m Sharia-aligned loan with Banque Saudi Fransi

Riyadh – Mubasher: Ataa Educational Company has extended its Sharia-compliant credit facilities agreement with Banque Saudi Fransi at a total value of SAR 150 million. The Saudi listed company has obtained the one-year loan on 31 January, with a …

Companies Investments

5 January 2022 00:34 PM Ataa Educational extends loan agreement with SNB

Riyadh – Mubasher: Ataa Educational Company has renewed its credit facilities agreement with Saudi National Bank at a total value of SAR 50 million. The company obtained the Sharia-compliant funding on 4 January 2022, for a duration of one year, …

Companies Investments

14 December 2021 03:45 PM Ataa Educational's unit inks deal to acquire Naba'a by issuing shares

Riyadh – Mubasher: Ataa Educational Company has signed an agreement for its subsidiary the Arabian Education and Training Group Holding Company to wholly acquire Naba'a Educational Company. As part of the agreement, Ataa will raise its capital by …

Mergers and Acquisitions

7 December 2021 11:24 AM Ataa Educational appoints new CEO

Riyadh – Mubasher: Ataa Educational Company has appointed Fahad bin Abdulaziz Al Tuwaijri as the company's CEO following the resignation of Ibrahim bin Abdulkarem Al Turki from the position. Al Turki has submitted his resignation due to personal …

Management Decisions

29 September 2021 02:06 PM Ataa Educational's annual profit down 51%; dividends proposed

Riyadh – Mubasher: Ataa Educational Company reported a net profit of SAR 37.07 million in the fiscal year ended 31 July, down by 51.1% year-on-year (YoY) from SAR 75.8 million.  The profit drop was ascribed to a 17% YoY decline in revenues to SAR …

Cash Dividends

29 September 2021 11:19 AM Ataa Educational recommends 10% capital raise

Riyadh – Mubasher: The board of Ataa Educational Company has recommended raising the company’s capital by 10% through bonus shares. The company's capital will increase from SAR 400 million to SAR 440 million by capitalising SAR 40 million from the …

Management Decisions

9 August 2021 02:28 PM Ataa Educational signs SAR 138m acquisition agreement

Riyadh – Mubasher: Ataa Educational Company has signed a deal worth SAR 138 million to acquire the entire shares of the Arabian Education and Training Group Holding Company. The acquisition transaction was concluded on 8 August after completing …

Companies Investments

3 August 2021 11:25 AM Ataa Educational signs appendix to MoU with Arabian Education

Riyadh – Mubasher: Ataa Educational Company has penned an appendix to its memorandum of understanding (MoU) with the Arabian Education and Training Group Holding Company that covers a potential acquisition of the latter. The appendix aims to amend …

Companies Investments

7 July 2021 10:23 AM Ataa Educational obtains SAR 278m from Riyad Bank

Riyadh – Mubasher: Ataa Educational Company has signed a Shariah-compliant agreement with Riyad Bank to obtain facilities worth SAR 278.25 million. The loan duration stands at 10 years from the date of signing the deal on 6 July 2021, according to …

Banking and Finance

20 June 2021 04:16 PM Ataa Educational concludes purchase of Al Elm International Schools

Riyadh – Mubasher: Ataa Educational Company has completed the purchase deal of Al Elm International Schools Company for SAR 40 million, according to a bourse filing on Sunday. This acquisition came in line with Ataa Educational’s expansion plan to …

Companies Investments

16 June 2021 05:22 PM Saudi GAC approves Ataa Educational’s acquisition deals

Riyadh – Mubasher: The Saudi General Authority for Competition (GAC) approved for Ataa Educational Company to acquire Arabian Education and Training Group Co., according to a bourse filing on Wednesday. Ataa expected to complete the takeover …

Companies Investments

10 June 2021 04:39 PM Ataa Educational’s nine-month profits shrink 61.5%

Riyadh – Mubasher: Ataa Educational Company achieved a net profit after Zakat and tax worth SAR 17.65 million during the nine-month period ended on 30 April 2021, a plummet of 61.5% from SAR 45.87 million in the same period a year earlier. …

Financial Results

6 June 2021 00:27 PM Ataa Educational extends MoU with Arabian Education

Riyadh – Mubasher: Ataa Educational Company has extended its memorandum of understanding (MoU) with Arabian Education and Training Group Holding Company for an additional 90 working days, according to a disclosure to Tadawul. The MoU covers a …

Mergers and Acquisitions

2 June 2021 11:42 AM Ataa Educational inks SAR 125m Murabaha financing

Riyadh – Mubasher: Ataa Educational Company has signed a Shariah-compliant Murabaha financing agreement worth SAR 125 million with the Saudi Investment Bank (SAIB). The financing agreement aims to reschedule a number of existing loans with some …

Banking and Finance

7 March 2021 04:37 PM Ataa Educational profit down 63% in 6M

Riyadh – Mubasher: Ataa Educational Company registered SAR 6.39 million in net earnings during the six-month period ended on 31 January 2021, a plunge of 63% from SAR 17.28 million in the prior-year period. The drop in the company’s interim profit …

Financial Results

19 January 2021 09:26 AM Ataa Educational takes over 52% of Al Wasat National Schools

Riyadh – Mubasher: Ataa Educational Company has inked a partnership agreement to acquire 52% of Riyadh-based Al Wasat National Schools for Training and Education Company, a limited liability company. The transaction was concluded in exchange for a …

Mergers and Acquisitions

13 January 2021 11:19 AM Ataa Educational's shareholders approve SAR 40m dividends

Riyadh – Mubasher: The ordinary general meeting (OGM) of Ataa Educational Company approved the board’s proposal for a cash dividend distribution of 10% of capital, amounting to SAR 40 million or SAR 1 per share, for the year ended 31 July 2020. …

Cash Dividends

9 December 2020 09:12 AM Ataa Educational’s profits down 70% in 3M

Riyadh – Mubasher: Ataa Educational Company gained SAR 4.9 million in net profits during the first quarter (Q1) of fiscal year (FY) 2020/2021, a drop of 69.7% when compared to SAR 16.3 million in the prior-year quarter. The decline in net earnings …

Financial Results

5 November 2020 08:31 AM Ataa Educational pens SAR 98m lease deal with TBC

Riyadh – Mubasher: Ataa Educational Company on 4 November signed an annual lease agreement with Tatweer Buildings Company (TBC), a limited liability company, to rent an educational complex for a period of 35 years for SAR 98.36 million. The …

Companies Investments