National Company for Learning & Education announces receiving a notification of award from Tatweer Buildings Company for a lease contract to invest in a land located in Dhahrat Laban district

National Company for Learning & Education announces receiving a notification of award from Tatweer Buildings Company for a lease contract to invest in a land located in Dhahrat Laban district – Riyadh

Element List	Explanation
Introduction	National Company for Learning & Education (NCLE) announces receiving a notification of award from Tatweer Buildings Company for a land lease contract in Dhahrat Laban district – Riyadh. The land will be utilized to construct and operate an educational complex for NCLE.

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 the Award 2025-05-18 Corresponding to 1446-11-20 Counterparty Tatweer Buildings Company Contract Value An amount of SR 2.54 million annually, with an increase of 10% every five contractual years

The total lease value over the duration of the contract is SR 68.7 million (excluding VAT). Contract Details Lease of land in Dhahrat Laban district - Riyadh with an area of (15,532 m2) for the construction and operation of an educational complex. The lease duration is 24 Gregorian years from the date of signing the contract, including a two-year grace period during which no rental value is due. Related Parties None Additional Information The company will announce any material developments related to signing the lease contract and the project in due course.

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