‎NCLE buys SAR 27.9M land in Jeddah for educational complex

‎NCLE buys SAR 27.9M land in Jeddah for educational complex ‎NCLE buys SAR 27.9M land in Jeddah for educational complex

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National Company for Learning and Education (NCLE) headquarters

The National Company for Learning and Education (NCLE) purchasedtoday, Feb. 9,a land plot in Jeddah’s North Obhur District for SAR 27.9 million, including real estate transactiontax.

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Theacquisition will be funded through a combination of NCLE’s internal resources and bank facilities.

For more news and details on the projects

In a statement to Tadawul, NCLE said the 10,630-square-meter plot will be used to develop and operate an educational complex. The transaction is expected to drive revenue and returns in the coming years once the project is completed and becomes operational.

The company added that the investment aligns with its strategy to expand and grow its student base,supporting profitability growth. It also confirmed that there are no related parties involved in the deal.

 

National Company for Learning and Education (NCLE) headquarters

The National Company for Learning and Education (NCLE) purchasedtoday, Feb. 9,a land plot in Jeddah’s North Obhur District for SAR 27.9 million, including real estate transactiontax.

Theacquisition will be funded through a combination of NCLE’s internal resources and bank facilities.

For more news and details on the projects

In a statement to Tadawul, NCLE said the 10,630-square-meter plot will be used to develop and operate an educational complex. The transaction is expected to drive revenue and returns in the coming years once the project is completed and becomes operational.

The company added that the investment aligns with its strategy to expand and grow its student base,supporting profitability growth. It also confirmed that there are no related parties involved in the deal.

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