RIYADH: Saudi Ataa Educational Co. has received approval from the Capital Market Authority to increase its capital to SR420 million ($112 million) for the acquisition of Naba'a Educational Co.
The company will issue more than 2 million ordinary shares to acquire Naba'a through its fully-owned subsidiary, Arabian Educational and Training Group, according to a bourse filing.
The Riyadh-based educational company provides educational services for students inside the Kingdom.
