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LOGISTICS-
Saudi Arabia Railways will reroute freight trains in Al Ahsa out of the urban areas starting 28 January, the national railway operator said in a post on X. The move aims to ease traffic congestion in Al Ahsa cities.
M&A WATCH-
Al Khaleej Training extends Adhwaa Al Hedeya’s acquisition deadline: Al Khaleej Training and Education pushed back the deadline for finalizing the acquisition agreement it signed to obtain an 80% stake in Adhwaa Al Hedeya Schools to 31 March, after it was due to expire today, it said in a disclosure to Tadawul.
REMEMBER- The share-swap acquisition was greenlit by the General Authority for Competition in September. The agreement will see Al Khaleej boost its capital by 34.9% to give the selling shareholder, Ethraa Holding, a 25.8% stake in Al Khaleej.
