| Introduction | The Academy of Learning company announces the signing of a training support agreement with the Human Resources Development Fund (Hadaf) To implement entry-level employment training and qualification programs. |
| Date of Announcement of the Award | 2026-07-01 Corresponding to 1448-01-16 |
| Contract Subject Matter | Signing of a Training Support Agreement with the Human Resources Development Fund (Hadaf) |
| The Entity with Which the Contract was Signed | Human Resources Development Fund (Hadaf) |
| Date of Signing the Contract | 2026-07-01 Corresponding to 1448-01-16 |
| Contract Value | The value allocated for the agreement amounts to SAR 405,144,000 (Four hundred five million one hundred forty-four thousand Saudi Riyals, inclusive of Value Added Tax). |
| Contract Details | Training Support Agreement with the Human Resources Development Fund (Hadaf). |
| Contract Duration | One year. |
| Financial Impact and the Relevant Period | The agreement is expected to have a positive financial impact on the Company's results starting from the first half of fiscal year 2026–2027, commencing on 1 July 2026, and continuing through the duration of the agreement. |
| Related Parties | There are no related parties. |
| Additional Information | The Company would like to clarify to its valued shareholders that the agreement was signed on 1 July 2026. However, the signed copy of the agreement was not received by the Company via email until Tuesday, 7 July 2026. Accordingly, the Company disclosed the agreement immediately upon receipt. This agreement is an extension of the Company’s growth and expansion plans, supporting the enhancement of its operational performance and contributing to the achievement of sustainable added value for its shareholders. |