| Element List | Explanation |
|---|---|
| Introduction | In reference to the National Company for Learning and Education (NCLE) announcement on 29/08/1447 H corresponding to 17/02/2026 G regarding its signing a land lease contract with an area of ( 10,988 m2) for a period of 25 Gregorian years in Khuzam Suburb district – Riyadh, NCLE announces the Board of Directors’ approval on 23/12/1447 H corresponding to 09/06/2026 G on the establishment of a Tarbyh Namouthajiyah schools complex (Educational Complex) with an estimated capacity of 2,200 male and female students on the land located in Khuzam Suburb district – Riyadh.
This investment is part of the Company’s strategy to expand and grow its student base, thereby achieving growth and returns in line with its strategic objectives. |
| Date of Board Resolution in Regard to the Project | 2026-06-09 Corresponding to 1447-12-23 |
| Project Start Date | During the first quarter of the Company’s fiscal year 2026/2027 G. |
| Project Cost | The total estimated cost of the project is SR 41 million which includes construction works, air conditioning, elevators, theatre, furnishing, technical devices and other equipment for the educational complex. |
| Financing method for the project | The project will be funded through NCLE’s internal resources and bank facilities. |
| Expected completion date of the project | The construction work of the project is expected to be completed during the fourth quarter of the Company’s fiscal year 2026/2027 G. |
| Expected Financial Impact of the Project on the Company’s Results | The project is expected to have an impact on NCLE’s financial results starting from the first quarter of the Company’s fiscal year 2027/2028 G, upon the commencement of operations at the educational complex. |
| The Start of the Expected Impact of the Project on the Company’s Results | Upon the commencement of operations at the educational complex starting from the first quarter of the Company’s fiscal year 2027/2028 G. |
| Expected Date for the Pilot Production of the Project to Begin | Not applicable |
| Duration of the pilot production of the project | Not applicable |
| Expected date for the commercial production of the project | The educational complex will begin operations at the start of the academic year 2027/2028 G. |
| Executing Party/Counter Party in the Project/Contract | The main contractor for the construction and finishing works of the project is Suhaib Al-Hafez & Partners Contracting Company. Several suppliers will be contracted at a later stage for furnishing and equipping the educational complex. |
| Related Parties | There are no related parties. |
