Ataa Educational Company (SASE:4292) signed agreement to acquire Education International Schools LLC for SAR 40 million on December 22, 2020. The acquisition will be financed from Ataa internal resources. Education International Schools LLC reported revenue of SAR 22.5 million in 2019. The deal is subject to the approval of the General Authority for Competition, other regulatory authorities and Ataa general assembly. As of April 26, 2021, General Authority for Competition has issued its decision with no objections for the transaction. The transaction is expected to complete during last quarter of current fiscal year. Ataa Educational Company (SASE:4292) completed the acquisition of Education International Schools LLC on June 20, 2021.