Element List	Explanation
Introduction	Almasar Alshamil Education Company announces the signing of a non-binding Memorandum of Understanding with the partners of Al Qalam Educational Trading Company (limited liability) to assess the potential acquisition of 60% ownership interest in Al Qalam Educational Trading Company. The potential acquisition aligns with the Company’s strategy to expand its education services into new market segments that are strategically aligned with its existing operations.
Date of signing the Memorandum of Understanding	2026-06-18 Corresponding to 1448-01-03
Memorandum Duration	From the signing date until 30 September 2026G, extendable.
Name of the Counterparty	Partners of Al Qalam Educational Trading Company (limited liability)
Name of Financial Advisor of Each Party	No financial advisor has been appointed. Specialized advisors will be appointed to conduct the required due diligence.
Major Terms in the Memorandum	The Memorandum of Understanding includes a number of customary provisions and terms that will govern the relationship between the parties during the evaluation and negotiation phase, including confidentiality of information and exclusivity. The completion of the potential acquisition is subject to satisfactory results of commercial, financial, legal, and tax due diligence and the parties negotiating and agreeing final binding documents.
Related Parties	No related parties.
Actions to be Taken by the Company during the Memorandum’s Duration	The Company along with its advisors will evaluate the transaction and conduct commercial, financial, legal, and tax due diligence in addition to any other relevant assessments. Additionally, subject to the satisfactory results of the due diligence, the parties will negotiate binding definitive agreements.
Approvals	The completion of the acquisition is subject to obtaining the necessary regulatory and legal approvals from the relevant authorities and parties.
Additional Information	The non-binding memorandum of understanding does not create any obligation on the Company to complete the contemplated transaction. Any material developments will be announced in due course.