IssuerAnnouncementDetailsV2Portlet
Actions
National Company for Learning and Education announces the project to establish Tarbyh Namouthajiyah schools complex in Al-Rabie District - Riyadh
| Element List | Explanation |
|---|---|
| Introduction | In reference to the National Company for Learning and Education (NCLE) announcement on 16/7/1446 H corresponding to 16/1/2025 G regarding purchasing a land with an area of 9,450m2 in Al-Rabie District - Riyadh, NCLE announces the Board of Directors’ approval on 27/11/1446 H corresponding to 25/5/2025 G on the project to establish Tarbyh Namouthajiyah schools complex (Educational Complex)with an estimated capacity of 2,100 male and female students on the land located in Al-Rabie District - Riyadh. 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 Board Resolution in Regard to the Project | 2025-05-25 Corresponding to 1446-11-27 |
| Project Start Date | During the fourth quarter of the fiscal year 2024/2025 G. |
| Project Cost | The total estimated cost of the project is SR 57 million which includes the 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 fiscal year 2025/2026 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 fiscal year 2026/2027 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 fiscal year 2026/2027 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 2026/2027 G. |
| Executing Party/Counter Party in the Project/Contract | The main contractor for the construction and finishing works of the project is Legend Projects 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. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
Share
Company Performance
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions