| Element List | Explanation |
|---|---|
| Introduction | National Company for Learning & Education (NCLE) announces purchasing a land in Al-Yasmin District – Riyadh, through an electronic public auction.
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. |
| Transaction Details | Purchasing a plot of land in Al-Yasmin District – Riyadh, with a total area of (11,040 m2). NCLE is in the process of completing the procedures for transferring the land ownership document. |
| Transaction Amount | 39.4 million Saudi riyals, including real estate transaction tax. |
| Transaction Conditions | None |
| Parties of the Transaction | Seller: Through an electronic public auction under the supervision of the Entrustment and Liquidation Center (Infath)
Buyer: National Company for Learning & Education |
| Transaction Financing Method | A combination of NCLE’s internal resources and bank facilities. |
| Date of Entering Into The Transaction | 2026-05-06 Corresponding to 1447-11-19 |
| Description of Activity of The Asset Subject of The Transaction | Constructing and operating an educational complex on the plot. |
| Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction | Not Applicable |
| Transaction reasons | Constructing and operating an educational complex that supports the expansion and growth of the student base to generate the growth and returns that achieve the company’s strategy. |
| Expected Impact of the Transaction on the Company and Its Operations | The transaction will contribute to the growth of revenue and returns in the coming years upon the completion and operational commencement of the project. |
| Related Parties | There are no related parties. |
| Additional Information | None |
