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

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

|Element List||Explanation|

|Introduction|| In reference to the National Company for Learning and Education “NCLE” announcement on 10/02/1444H, corresponding 06/09/2022G regarding its signing a land lease contract with an area of 13.2 thousand m2 for a period of 27 years in Qurtubah 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 Qurtubah district-Riyadh.

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The estimated total built-up area of the educational complex is 20.2 thousand m2, with an estimated capacity of 2,500 male and female students, at an estimated cost of SR 56 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 through the establishment of an educational complex that complements the services of the company's current school in Qurtubah district, which is close to reaching its capacity and offers kindergarten and primary stages only.

|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