National Company for Learning & Education announced signing a land lease contract in Qurtubah district-Riyadh with Abdullatif Al-Alshikh and Fahad Almusharef to construct and operate Tarbyh Namouthajiyah schools complex. Date of Announcement of the Award: September 5, 2022. Contract Subject Matter: A land lease contract to construct and operate Tarbyh Namouthajiyah schools complex.

Date of Signing the Contract: September 2, 2022. Contract Value: The total value of the contract over its period is SAR 49.1 million (excluding VAT). Lease of land in Qurtubah district-Riyadh with an area of (13,200 m2) to construct an educational complex for a period of 27 years.

Contract Details: This contract shall be considered void if the licenses to benefit from the land as an educational complex by the concerned authorities are not obtained within a period of 6 months from the date of signing the contract. Twenty-seven (27) years starting from the issuance date of the licenses to benefit from the land as an educational complex by the concerned authorities. Contract Duration: The contract duration includes a two-year grace period that does not entail any rental value.