National Gypsum Company (SASE:2090) signed a memorandum of understanding to acquire Adwaa Al-Hidaya Schools Company on November 29, 2022. This memorandum shall be effective from the date of its signature and for a period of (90) days from the date of signing it or until the completion of the signing of the final agreement – whichever is earlier, and that the period is subject to extension. The company confirmed that any material developments regarding the memorandum of understanding or proposed purchase will be announced in due course, and any material developments regarding the memorandum of understanding or proposed purchase will be announced in due course.