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National Company for Learning & Education (NCLE) announces the Board of Directors decision on 14-01-2021 to provide a discount on the second semester tuitions of the current academic year for all students in all grades

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Announcement Detail National Company for Learning & Education (NCLE) announces the Board of Directors decision on 14-01-2021 that it will continue to provide a discount on the second semester tuitions of the current academic year 2020/2021 for all students in all grades. This decision concurs with the Ministry of Education announced plan to start the second semester online, and the company intention to share the impact caused by COVID-19 with parents and to maintain the students base which will serve the company long term plans. The discounts on the second semester tuitions of the current academic year 2020-2021 will start from 50% for the KG and 1st grade and 10% to 30% for remaining grades.

NCLE confirms its readiness to provide all services online through its virtual platforms for all students.

Nevertheless, this decision will have an impact on the financial results during this financial year which cannot be quantified currently given that the impact will vary depending on the student’s number throughout the second academic semester.

The Capital Market Authority and the Saudi Stock 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.

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