| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement published by the National Company for Learning & Education (“NCLE”) on Tadawul website on 21 /11/ 1446 H corresponding to 19 /05/ 2025 G, regarding the receipt of a notification of the award of a land lease contract in Dhahrat Laban district- Riyadh from Tatweer Buildings Company, NCLE announces the signing of the lease contract with Tatweer Buildings Company. 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 Announcement of the Award | 2025-05-19 Corresponding to 1446-11-21 |
| Contract Subject Matter | A land lease contract to construct and operate an educational complex for NCLE. |
| The Entity with Which the Contract was Signed | Tatweer Buildings Company |
| Date of Signing the Contract | 2025-05-29 Corresponding to 1446-12-02 |
| Contract Value | An amount of SR 2.54 million annually, with an increase of 10% every five contractual years.
The total lease value over the duration of the contract is SR 68.7 million (excluding VAT). |
| Contract Details | Lease of land in Dhahrat Laban district – Riyadh with an area of (15,532 m2) to construct and operate an educational complex. |
| Contract Duration | 24 Gregorian years starting from the date of signing the contract. The contract duration includes a two-year grace period during which no rental value is due. |
| Financial Impact and the Relevant Period | The financial impact of this contract is expected to start upon the completion and operation of the project. |
| Related Parties | There are no related parties. |
| Additional Information | None |
