| Introduction | Alkhaleej Training and Education Company announces the signing of a contract with Mr. Abdul Aziz bin Rashid Abdul Rahman Al-Rashed – Chairman of the Board, for the lease of an educational complex (Ruwad Al-Khaleej School) owned by him in the city of Al-Ahsa. |
| Date of Announcement of the Award | 2026-01-25 Corresponding to 1447-08-06 |
| Contract Subject Matter | Lease contract for an educational complex |
| The Entity with Which the Contract was Signed | Mr. Abdul Aziz bin Rashid Abdul Rahman Al-Rashed - in his capacity as the owner of the educational complex (Rowad Al Khaleej School) in Al-Ahsa |
| Date of Signing the Contract | 2026-01-25 Corresponding to 1447-08-06 |
| Contract Value | The average annual rental value of the contract is 6,250,000 Saudi Riyals before VAT is applied. |
| Contract Details | AlKhaleej Training and Education Company renting the educational complex owned by Mr. Abdulaziz Al-Rashed (Ruwad Al Khaleej School) in Al-Ahsa city for a period of 20 years. The contract was concluded in accordance with prevailing commercial terms and without any preferential conditions or advantages. |
| Contract Duration | Twenty Gregorian years. |
| Financial Impact and the Relevant Period | This contract is expected to have a positive impact on the financial results for the fiscal year 2026 and beyond. |
| Related Parties | Mr. Abdul Aziz bin Rashid Abdul Rahman Al-Rashed – Chairman of the Board. |
| Additional Information | The educational complex subject to the lease agreement (Rawad Al Khaleej School) was operated by AlKhaleej Training and Education Company until the date of the contract. |