NCLE Announces Purchase of Land in Riyadh for 14.7 Million Riyals

The National Company for Learning & Education (NCLE) announced on Monday, January 06, the purchase of a plot of land in Ishbiliyah District, Riyadh, spanning an area of 9,025 square meters. The land will be utilized for the establishment and operation of an educational complex affiliated with the company, at a total cost of 14.7 million riyals.

The company stated that this investment aligns with its strategy aimed at expansion and increasing its student base to achieve growth and returns consistent with its strategic objectives.

According to the statement published on “Tadawul,” the deal is expected to contribute to revenue and profit growth in the coming years once the project is completed and operational.

Parties to the Deal

• Seller: Ithraa Riyadh Real Estate Company
• Buyer: The National Company for Learning & Education