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National Company for Learning & Education (NCLE) signed a 25-year land lease contract with Tatweer Buildings Company to construct and operate an educational complex in Riyadh’s Khuzam Suburb.
The agreement involves an annual lease value of SR 2.24 million with a 10% increase every five years, totaling SR 63.9 million over the duration of the contract.
The lease covers a land area of 10,988 square meters and includes a two-year grace period during which no rental value is due.
The financial impact is expected to begin following the completion and commencement of operations at the new educational complex.

Element List	Explanation
Introduction	With reference to the announcement published by the National Company for Learning & Education (“NCLE”) on Tadawul website on 08 /08/ 1447 H corresponding to 27 /01/ 2026 G, regarding the receipt of a notification of the award of a land lease contract in Khuzam Suburb district – Riyadh from Tatweer Buildings Company, NCLE announces the signing of the lease contract with Tatweer Buildings Company. The land will be utilized to construct and operate an educational complex for NCLE. This investment is part of the company’s strategy to expand and grow its student base, in order to achieve growth and returns aligned with its strategic objectives.
Date of Announcement of the Award	2026-01-27 Corresponding to 1447-08-08
Contract Subject Matter	A land lease contract to construct and operate an educational complex for NCLE.
The Entity with Which the Contract was Signed	Tatweer Buildings Company
Date of Signing the Contract	2026-02-16 Corresponding to 1447-08-28
Contract Value	An amount of SR 2.24 million annually, with an increase of 10% every five contractual years. The total lease value over the duration of the contract is SR 63.9 million (excluding VAT).
Contract Details	Lease of land in Khuzam Suburb district – Riyadh with an area of (10,988 m2) to construct and operate an educational complex.
Contract Duration	25 Gregorian years starting from the date of signing the contract. The contract duration includes a two-year grace period during which no rental value is due.
Financial Impact and the Relevant Period	The financial impact of this contract is expected to start upon the completion and operation of the project.
Related Parties	There are no related parties.
Additional Information	None

National Company for Learning & Education (NCLE) announces signing a land lease contract in Khuzam Suburb district – Riyadh with Tatweer Buildings Company to construct and operate an educational complex for NCLE