NCLE’s CEO, Mohammed bin Khalid Al-Khudair, revealed plans to open three new schools in Riyadh next year. Speaking to Al Arabiya Business, he stated that the company experienced a remarkable 34% increase in revenues for the quarter ending November 30, 2023, attributing it to a 30% surge in student numbers. Al-Khudair highlighted the quarter’s student count, reaching 28,000 compared to 21,000 in the first quarter. He attributed this growth to factors like population expansion, emphasizing a nationwide student total of 6 million with a 5% compound annual growth rate over the last five years, showcasing the company’s substantial contribution to education.
