| Element List | Explanation |
|---|---|
| Introduction | Academy of Learning Co. announces the signing of a training contract valued at SAR 72,270,000 with the Education Support Association (Taaluom) to implement a variety of employment-linked training programs for 600 beneficiaries of the Social Security program. This agreement comes as part of the Company’s efforts to expand employment-linked education and training programs, enhance the utilization of its existing operational infrastructure, and support the objectives of Human Capital Development and Saudi Vision 2030. |
| Date of Announcement of the Award | 2026-01-11 Corresponding to 1447-07-22 |
| Contract Subject Matter | Signing of Training Contract |
| The Entity with Which the Contract was Signed | Education Support Association (Taaluom) |
| Date of Signing the Contract | 2026-01-11 Corresponding to 1447-07-22 |
| Contract Value | SAR 72,270,000 Seventy-Two Million Two Hundred Seventy Thousand Saudi Riyals (Inclusive of Value Added Tax) |
| Contract Details | A training contract between Academy of Learning Co. and the Education Support Association (Taaluom) to implement a variety of employment-linked training programs. |
| Contract Duration | One year |
| Financial Impact and the Relevant Period | The financial impact is expected from the second half of 2026. |
| Related Parties | There are no related parties involved. |