With reference to the National Company for Learning & Education (NCLE) announcement published on Tadawul website on November 11, 2022 that it had received a notice of awarding a lease contract for land investment in Al-Narjis district- Riyadh from Tatweer Building Company, NCLE announced signing the land lease contract with Tatweer Building Company for the purpose of constructing and operating an educational complex for NCLE under the name of Tarbyh Namouthajiyah schools. Contract Value: An amount of SAR 2.15 million annually, with an annual increase of 4%, starting from the eleventh year. The total value of the contract over its period is SAR 44 million (excluding VAT).

Contract Details: Lease of land in Al-Narjis district - Riyadh with an area of (9,991 m2) to construct and operate an educational complex, for a period of 20 Hijri years from the date of signing the contract. Contract Duration: 20 Hijri years starting from the date of signing the contract. The contract duration includes two years grace period that does not entail any rental value.