{"id":3979,"date":"2025-02-09T16:27:52","date_gmt":"2025-02-09T16:27:52","guid":{"rendered":"https:\/\/edunew.ibda.io\/?p=3979"},"modified":"2025-04-14T15:59:34","modified_gmt":"2025-04-14T15:59:34","slug":"national-company-for-learning-education-announces-purchasing-a-land-in-north-obhur-district-jeddah-for-an-amount-of-27-9-million-saudi-riyals-to-construct-and-operate-an-educational-complex","status":"publish","type":"post","link":"https:\/\/edunew.ibda.io\/en\/national-company-for-learning-education-announces-purchasing-a-land-in-north-obhur-district-jeddah-for-an-amount-of-27-9-million-saudi-riyals-to-construct-and-operate-an-educational-complex\/","title":{"rendered":"National Company for Learning &#038; Education announces purchasing a land in North Obhur District &#8211; Jeddah for an amount of 27.9 million Saudi Riyals to construct and operate an educational complex"},"content":{"rendered":"<table class=\"stacktable large-only\" border=\"0\" width=\"80%\" cellspacing=\"0\" cellpadding=\"0\">\n<thead>\n<tr>\n<th>Element List<\/th>\n<th>Explanation<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Introduction<\/td>\n<td>National Company for Learning &amp; Education (NCLE) announces purchasing a land in North Obhur District &#8211; Jeddah to construct and operate an educational complex for NCLE.<\/p>\n<p>This investment is part of the company&#8217;s strategy to expand and grow the student base in order to generate the growth and returns that achieve the company&#8217;s strategy.<\/td>\n<\/tr>\n<tr>\n<td>Transaction Details<\/td>\n<td>Purchasing a plot of land in North Obhur District &#8211; Jeddah, with a total area of (10,631m2).<\/td>\n<\/tr>\n<tr>\n<td>Transaction Amount<\/td>\n<td>27.9 million Saudi riyals, including real estate transaction tax.<\/td>\n<\/tr>\n<tr>\n<td>Transaction Conditions<\/td>\n<td>None<\/td>\n<\/tr>\n<tr>\n<td>Parties of the Transaction<\/td>\n<td>Seller: Abdullah bin Omar bin Qasim Al-Esayi<\/p>\n<p>Buyer: National Company for Learning &amp; Education<\/td>\n<\/tr>\n<tr>\n<td>Transaction Financing Method<\/td>\n<td>A combination of NCLE\u2019s internal resources and bank facilities.<\/td>\n<\/tr>\n<tr>\n<td>Date of Entering Into The Transaction<\/td>\n<td>2025-02-09 Corresponding to 1446-08-10<\/td>\n<\/tr>\n<tr>\n<td>Description of Activity of The Asset Subject of The Transaction<\/td>\n<td>Constructing and operating an educational complex on the plot.<\/td>\n<\/tr>\n<tr>\n<td>Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction<\/td>\n<td>Not Applicable<\/td>\n<\/tr>\n<tr>\n<td>Transaction reasons<\/td>\n<td>Constructing and operating an educational complex that supports the expansion and growth of the student base to generate the growth and returns that achieve the company&#8217;s strategy.<\/td>\n<\/tr>\n<tr>\n<td>Expected Impact of the Transaction on the Company and Its Operations<\/td>\n<td>The transaction will contribute to the growth of revenue and returns in the coming years upon the completion and operational commencement of the project.<\/td>\n<\/tr>\n<tr>\n<td>Related Parties<\/td>\n<td>None<\/td>\n<\/tr>\n<tr>\n<td>Additional Information<\/td>\n<td>None<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>This investment is part of the company&#8217;s strategy to expand and grow the student base<\/p>\n","protected":false},"author":1,"featured_media":658,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[],"output-rule":[91],"class_list":["post-3979","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-magazines","output-rule-only-english"],"acf":[],"_links":{"self":[{"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/posts\/3979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/comments?post=3979"}],"version-history":[{"count":1,"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/posts\/3979\/revisions"}],"predecessor-version":[{"id":3980,"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/posts\/3979\/revisions\/3980"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/media\/658"}],"wp:attachment":[{"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/media?parent=3979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/categories?post=3979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/tags?post=3979"},{"taxonomy":"output-rule","embeddable":true,"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/output-rule?post=3979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}