NCLE’s CEO, Mohammed bin Khaled Al-Khudair, addressed the Saudi Capital Market Forum 2024, emphasizing that school tuition fees in Saudi Arabia are among the lowest in the Gulf region. In an interview with Arqaam, he highlighted that fees are influenced by supply and demand, emphasizing competitiveness over fee increases for revenue growth. Al-Khudair acknowledged the Kingdom’s promising education sector, noting a 5% annual rise in students and a 13% increase in private schools. He underscored collaboration between the ministry and the private sector to professionally address challenges and enhance the sector’s investment, education, and output quality.
The profits of NCLE rose to 31.1 million riyals by the end of the first quarter ending on November 30, 2023, compared to profits of 25.9 million riyals achieved during the same period in 2022.
