National Company for Learning and Education announces the construction project of Tarbyh Namouthajiyah schools complex in Al-Narjis district – Riyadh

National Company for Learning and Education announces the construction project of Tarbyh Namouthajiyah schools complex in Al-Narjis district – Riyadh

|Element List||Explanation|

|Introduction|| In reference to the National Company for Learning and Education “NCLE” announcement on 20/05/1444H corresponding to 14/12/2022G regarding its signing a land lease contract with an area of 10 thousand m2 for a period of 20 Hijri years in Al-Narjis district - Riyadh, NCLE announces the Board of Directors’ approval on 13/09/1444H Corresponding to 04/04/2023G on the construction project of Tarbyh Namouthajiyah schools (Educational Complex) on the land located in Al-Narjis district-Riyadh.

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The estimated total built-up area of the educational complex is 15.3 thousand m2, with an estimated capacity of 2,000 male and female students, at an estimated cost of SR 49 million which includes the construction works, air conditioning, elevators, theatre, furnishing, technical devices and other equipment for the educational complex. The educational complex will start operating from the academic year 2024/2025.

This investment is part of the company's strategy to expand and grow the student base in order to generate the growth and returns that achieve the company's strategy.

|Date of Board Resolution in Regard to the Project||2023-04-04 Corresponding to 1444-09-13|

|Project Start Date||During the third quarter of the fiscal year 2022/2023.|

|Project Cost||The total estimated cost of the project is SR 49 million.|

|Financing method for the project||The project will be