| Element List | Explanation |
|---|---|
| Introduction | National Company for Learning & Education (NCLE) announces receiving a notification of award from Tatweer Buildings Company for a land lease contract in Khuzam Suburb district – Riyadh. The land will be utilized to construct and operate an educational complex for NCLE.
This investment is part of the company’s strategy to expand and grow its student base, in order to achieve growth and returns aligned with its strategic objectives. |
| Date of the Award | 2026-01-26 Corresponding to 1447-08-07 |
| Counterparty | Tatweer Buildings Company |
| Contract Value | An amount of SR 2.24 million annually, with an increase of 10% every five contractual years
The total lease value over the duration of the contract is SR 63.9 million (excluding VAT). |
| Contract Details | Lease of land in Khuzam Suburb district – Riyadh with an area of (10,988 m2) for the construction and operation of an educational complex. The lease duration is 25 Gregorian years from the date of signing the contract, including a two-year grace period during which no rental value is due. |
| Related Parties | None |
| Additional Information | The company will announce any material developments related to signing the lease contract and the project in due course. |
