Element List	Explanation
Introduction	OFOK Educational Company announces that it has received notification of a lease award in the Al-Suwaidi district of Riyadh from Tatweer Buildings Company. This agreement allows to invest in the construction and operation of an educational complex called Horizon International Schools, affiliated with OFOK Educational Company. This investment aligns with the company's strategy to expand and grow its student base, thereby achieving the growth and returns that will fulfill the company's strategic objectives.
Date of the Award	2026-05-13 Corresponding to 1447-11-26
Counterparty	Digital Encyclopedia Trading Company
Contract Value	The contract value is (739,000) seven hundred and thirty-nine thousand Saudi Riyals only annually, and the annual rent increases every five contractual years by a percentage of 10%, and the total rental value of the contract for its entire duration amounts to (21,080,345) twenty-one million, eighty thousand, three hundred and forty-five Saudi Riyals only (excluding VAT).
Contract Details	Renting land in Al-Suwaidi neighborhood in Riyadh with an area of ​​6,188.59 m2 for the establishment and operation of an educational complex for a period of 25 years from the date of signing the contract. The contract period includes a grace period of two years during which no rental value is due.
Related Parties	no
Additional Information	The company will announce any material developments relating to the signing of the lease agreement and the project in due course.