The company is keenly aware that students learn best in an atmosphere of fun, activity, and security, and that the teachers can perform their teaching tasks in healthy and… joyful conditions through an intensive care for the school environment, classroom, sports clubs, and school-friendly programs for children and adolescents.
The company is keenly aware that students learn best in an atmosphere of fun, activity, and security, and that the teachers can perform their teaching tasks in healthy and… joyful conditions through an intensive care for the school environment, classroom, sports clubs, and school-friendly programs for children and adolescents.
The company is keenly aware that students learn best in an atmosphere of fun, activity, and security, and that the teachers can perform their teaching tasks in healthy and… joyful conditions through an intensive care for the school environment, classroom, sports clubs, and school-friendly programs for children and adolescents.
The company is keenly aware that students learn best in an atmosphere of fun, activity, and security, and that the teachers can perform their teaching tasks in healthy and… joyful conditions through an intensive care for the school environment, classroom, sports clubs, and school-friendly programs for children and adolescents.
The company is keenly aware that students learn best in an atmosphere of fun, activity, and security, and that the teachers can perform their teaching tasks in healthy and… joyful conditions through an intensive care for the school environment, classroom, sports clubs, and school-friendly programs for children and adolescents.
| Explanation | Articles |
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The board of directors of National Company for Learning & Education (NCLE) is pleased to invite all shareholders to attend the Ordinary General Assembly Meeting (The First Meeting) that will be conducted on Tuesday dated 19/02/1442 H corresponding to 06/10/2020 G through modern technology using Tadawulty platform as per the Capital Market Authority’s circular to suspend the in-person attendance of general assemblies until further notice, and that such meetings should be conducted through modern technology, in order to further support the efforts and precautionary measures taken by the specialized and concerned medical authorities in the Kingdom of Saudi Arabia, to prevent the spread of the Coronavirus (COVID-19).
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Introduction |
| NCLE’s Head Office at Riyadh via modern technology using Tadawulty platform | City and location of General Assembly |
| Meeting venue link | |
| 06 / 10 /2020 | Date of the General meeting |
| 18:30 | Time of the general meeting |
| Each shareholder who is registered in the Company’s Shareholders Register at the Depository Center at the end of the trading session preceding the General Assembly meeting, has the right to register electronically and vote through using Tadawulty platform in the General Assembly meeting as per the rules and regulations | Shareholders Eligibility to attend general assembly meeting |
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The General Assembly meeting shall be valid if attended by shareholders representing at least half of the Company’s capital. In the absence of a quorum required for holding the meeting, a second meeting will be held one hour after the end of the period specified for the first meeting. The second meeting shall be valid regardless of the number of shares represented at it.
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Quorum as percentage of shareholders |
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1- – Voting to amend the policy, standards and procedures of the Board of Directors’ membership. (attached) 2- Voting on the “Competing business standards”, in which the Board of Directors verifies that a Board Member competition with the Company’s business or one of the branch activities that it conducts, in accordance with the requirements of Paragraph (3) of Article (46) of the Corporate Governance Regulations. (attached)
3- Voting on the business and contracts that will be conducted between NCLE and Refan Company for Operation and Maintenance, in which the Chairman of the Board of Directors Mr. Khaled bin Mohammad Al-Khudhair has an indirect interest in. It is about a contract to purchase all of the shares of Refan Company for Operation and Maintenance (a limited liability company), to be 100% owned by NCLE, with a total purchase price of SR 946,000 riyals, and without preferential terms. (attached) 4- Voting to reallocate the unutilized portion of the IPO proceeds designated for the projects of Doha Hills educational campus – previously named Altaraji- amounting to SR (39,195,527) and Al Qassim educational campus amounting to SR (13,914,183), to be used for funding the company’s operational activities. |
General Meeting Agenda |
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Shareholders registered on the Tadawulati Services website will be able to vote remotely on the General Assembly’s meeting agenda through the (Electronic Voting) service, which will start from Friday morning (10:00 am) date 15/02/1442 H corresponding to 02/10/2020 G, and ending when the General assembly meeting finishes. The registration and voting on the Tadawulaty platform is freely available for all shareholders by using the following link: |
Electronic Voting |
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Eligibility for registering the attendance of the General Assembly’s meeting ends upon the convenience of the General Assembly’s meeting. Eligibility for voting on the General Assembly’s meeting agenda ends upon the Counting Committee finishes counting the votes. |
Eligibility to register attendance and vote |
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For inquiries, please contact the Investor Relations Department by phone number 0112219999 during the company’s official working hours or by the E-mail of the Investor Relations Department. |
Method of communication |
The project is aimed at the creation of an educational complex in Al Khobar, with a total area of 14,892 square meters, with a total built area of 24,500 square meters, and the capacity to accommodate 3,900 students from all stages (excluding Kindergarten). The school complex will be for boys only and will serve primary to secondary levels. The school will provide national and international curricula.
The project is established for the construction of an educational complex in Al Khobar city in the Southern District of Al-Raka, on a total area of 11,802 square meters and 20,500 square meters of building space, with the capacity to accommodate 2,650 students of all levels. The school complex will be for girls only and will serve all pre-university education levels from pre-school to high school. The school complex will provide national and international curricula. The educational complex will provide the private education services for girls only from pre-school, to primary, and intermediate and secondary levels, with the capacity to accommodate 2,650 students, with an average of 1,325 students for each of the curricula of the Ministry of Education and the international Curriculum.
The project is located in the Kairouan district, Saud Bin Abdullah Bin Jalawi Street in Riyadh, with an area of 29,000 square meters, and a building area of 46,500 square meters and a capacity of 5,200 students. The complex is expected to open in 2019. The educational complex provides private and international education for the Kindergarten, primary, intermediate and secondary levels. The educational complex provides private and international education for the Kindergarten, primary, intermediate and secondary levels with the capacity of 5,200 students.
The project is aimed to establish an educational complex in the north of the city of Buraidah in the Qassim region, on an area of 12,661 square meters, and a total building area of 24,500 square meters and the capacity to accommodate 3,000 students for all levels. Pre-university education from pre-school to high school, where 57% of the capacity of the complex will be allocated to boys and 43% of the capacity will be for girls.
The project is aimed at the construction of an educational complex in Al-Tarajjy District in the Eastern Province of Dammam, on a total area of 9,875 square meters and 20,500 square meters of building space, with the ability to accommodate 3,000 students from all grades (excluding Kindergarten). The school complex will be for boys only and will serve primary to secondary levels. The school will provide national and international curricula. The educational complex will provide private education services for boys only for primary, middle and secondary levels, with a capacity of 3,000 students, with an average of 1,500 students for each curriculum, the Ministry of Education and the international curriculum.
