Logo ofAtaa Educational Co.
Ataa Educational Co.’s board of directors cancelled its recommendation to purchase 2.1 million of the company’ ordinary shares and retain them as treasury shares. 
This decision was based on the recommendation of the Executive and Investment Committee, pending completion of the assessment of investment opportunities and potential acquisitions in the education sector and the related financing requirements, and reconsideration of capital allocation priorities, in order to strike a balance between investment expansion and maintaining the company’s financial position and available liquidity, Ataa said in a statement to Tadawul.
It added that the board’s decision will take effect from the date of its approval, in accordance with the relevant authorities and regulatory procedures.
The company will announce any material developments in due course.
As per Argaam’s data, Ataa’s board, in September, recommended to the extraordinary general assembly (EGM) taking regulatory procedures that enable the company to repurchase its shares and retain them as treasury shares, noting that the share price is below its fair value.
Logo ofAtaa Educational Co.
Ataa Educational Co.’s board of directors cancelled its recommendation to purchase 2.1 million of the company’ ordinary shares and retain them as treasury shares.
This decision was based on the recommendation of the Executive and Investment Committee, pending completion of the assessment of investment opportunities and potential acquisitions in the education sector and the related financing requirements, and reconsideration of capital allocation priorities, in order to strike a balance between investment expansion and maintaining the company’s financial position and available liquidity, Ataa said in a statement to Tadawul.
It added that the board’s decision will take effect from the date of its approval, in accordance with the relevant authorities and regulatory procedures.
The company will announce any material developments in due course.
As per Argaam’s data, Ataa’s board, in September, recommended to the extraordinary general assembly (EGM) taking regulatory procedures that enable the company to repurchase its shares and retain them as treasury shares, noting that the share price is below its fair value.
