Investor Relationship

In line with the Kingdom’s Vision 2030 AD, and our project to build a human being, we believe in the importance of preserving the Arab spirit and cultural values that distinguish us as a people, and at the same time we realize that development and progress are necessary to interact with the modern world and the future.

Element List Explanation
Introduction Al-Khaleej Training and Education Company announces the signing of a long-term lease agreement under which it will lease its educational complex located in the Al-Jazirah district to Global School Holding Saudi for Education (a single-person limited liability company), owned by Global Schools Holdings PTE Ltd. Singapore, for a period of 25 years, with a total value of 253,709,659 Saudi Riyals, inclusive of VAT.
Date of Announcement of the Award 2025-03-25 Corresponding to 1446-09-25
Contract Subject Matter Leasing an educational complex in Al-Jazeera District, Riyadh.
The Entity with Which the Contract was Signed Global School Holding Saudi for Education (One Person with limited liability) owned by Global Schools Holdings Pte. Ltd Singapore
Date of Signing the Contract 2025-03-25 Corresponding to 1446-09-25
Contract Value A variable annual rental value over 25 years, with a total amount of SAR 253,709,659, inclusive of VAT.
Contract Details A long-term lease agreement for the educational complex located in the Al-Jazirah district of Riyadh, covering an area of 19,712.77 square meters, for a period of 25 years.
Contract Duration 25 years
Financial Impact and the Relevant Period The contract is expected to have a positive impact on the company’s financial results starting from the fiscal year 2025 and subsequent years.
Related Parties There are no related parties.
Additional Information It is worth noting that the land on which the educational complex in the Al-Jazirah district is built was previously leased by Alkhaleej Training and Education Company from Tatweer Buildings Company (TBC). The company constructed the educational facility on the site. Alkhaleej Training and Education Company entered into this agreement to lease the complex to Global School Holding Saudi for Education after obtaining the necessary required approvals.

 

Financial Advisor for the Transaction: ICREA MANAGEMENT CONSULTANTS( ICREA)

 

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.