| Element List | Explanation |
|---|---|
| Introduction | Al Muhafaza Education Company announces the signing of a contract to implement educational programs with Sulaiman Bin Abdulaziz Al Rajhi Education and Development Company Limited Liability Company “Sulaiman Al Rajhi University”, for the management and operation of educational and training programs. |
| Date of Announcement of the Award | 2026-07-08 Corresponding to 1448-01-23 |
| Contract Subject Matter | The contract for the implementation of educational programs aims to build an integrated cooperation model between the two parties in managing and operating educational and training programs through in-person direct education, distance education, or blended education, given the academic experience and necessary regulatory accreditations of Sulaiman Al Rajhi University and the human, technical, technological, and integrated infrastructure capabilities, advanced educational platforms, and operational and administrative capabilities of Al Muhafaza Education Company that qualify it to implement educational programs efficiently and effectively. |
| The Entity with Which the Contract was Signed | Sulaiman Bin Abdulaziz Al Rajhi Education and Development Company Limited Liability Company "Sulaiman Al Rajhi University" |
| Date of Signing the Contract | 2026-07-08 Corresponding to 1448-01-23 |
| Contract Value | 70% of the total fees collected go to the Governorate Education Company. |
| Contract Details | The two parties agreed to expand the scope of benefiting from diploma programs, academic and professional programs, higher diploma programs and executive master’s programs in a way that contributes to achieving the highest levels of quality, efficiency and sustainability through the establishment of a long-term strategic partnership based on the integration of academic expertise and operational capacity that contributes to the development and implementation of quality educational and training programs that meet the needs of the labor market, support national development goals and enhance the quality of educational outputs. |
| Contract Duration | The contract duration is four years, starting from the academic year 1448 AH to the end of the academic year 1451 AH. |
| Financial Impact and the Relevant Period | The financial impact is expected to have a positive effect on the company’s financial results during the first half of 2027, after the programs and diplomas are launched. |
| Related Parties | nothing |
| Additional Information | The company confirms that the contract was made within the normal course of business and did not include any preferential advantages. |
Al Mohafaza Company for Education Announces Contract Sign Off with Sulaiman Bin Abdulaziz Al Rajhi Education and Development Company Limited Liability Company "Sulaiman Al Rajhi University"
AI Summary
- Al Muhafaza Education Company signed a four-year contract with Sulaiman Al Rajhi University to manage and operate educational and training programs, including diplomas and executive master’s degrees.
- Al Muhafaza will receive 70% of the total fees collected from these programs, which will be delivered through in-person, distance, or blended learning.
- The contract runs from the academic year 1448 AH to the end of 1451 AH, with a positive financial impact expected to begin in the first half of 2027.
