| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement by the National Company for Learning and Education (NCLE) regarding the project to establish a Tarbyh Namouthajiyah Schools complex in North Obhur District – Jeddah, with an estimated capacity of 2,100 male and female students, NCLE would like to clarify that there is a change in the commencement date of operations. |
| Previous Announcement | National Company for Learning and Education announces the project to establish Tarbyh Namouthajiyah Schools complex in North Obhur District – Jeddah |
| Latest Developments Of The Announced Event | Due to the delay in the issuance of the required licenses from the relevant authorities for the Tarbyh Namouthajiyah Schools complex in North Obhur District – Jeddah, beyond the expected timeframe, which impacted the construction schedule, NCLE has reprioritized the opening of its educational projects.
Accordingly, the commencement date of operations for the Tarbyh Namouthajiyah Schools complex in Dhahrat Laban District – Riyadh has been brought forward to the beginning of the 2026/2027G academic year instead of the 2027/2028G academic year, due to the accelerated progress in construction works and the ability to complete the project earlier than planned.
In contrast, the commencement date of operations for the Tarbyh Namouthajiyah Schools complex in North Obhur District – Jeddah will be postponed to the beginning of the 2027/2028G academic year instead of the 2026/2027G academic year. |
| Reasons For The Delay on The Date of The Event Previously Announced | Delay in issuing the required licenses from the relevant authorities beyond the expected timeframe, which impacted the construction schedule. |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | There is no change in the estimated cost of the project. |
| Delay consequences on the Company’s financial results | No material impact on the Company’s financial results is expected as a result of this change. |
