{"id":3991,"date":"2025-01-16T08:59:15","date_gmt":"2025-01-16T08:59:15","guid":{"rendered":"https:\/\/edunew.ibda.io\/?p=3991"},"modified":"2025-04-14T16:02:37","modified_gmt":"2025-04-14T16:02:37","slug":"national-company-for-learning-education-announces-purchasing-a-land-in-al-rabie-district-riyadh-for-an-amount-of-35-7-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-al-rabie-district-riyadh-for-an-amount-of-35-7-million-saudi-riyals-to-construct-and-operate-an-educational-complex\/","title":{"rendered":"National Company for Learning & Education announces purchasing a land in Al-Rabie District – Riyadh for an amount of 35.7 million Saudi Riyals to construct and operate an educational complex"},"content":{"rendered":"\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Element List<\/th>\nExplanation<\/th>\n<\/tr>\n<\/thead>\n
Introduction<\/td>\nNational Company for Learning & Education (NCLE) announces purchasing a land in Al-Rabie District – Riyadh, through an electronic public auction held on Wednesday Corresponding to 15 January 2025.<\/p>\n

 <\/p>\n

This investment is part of the company’s strategy to expand and grow the student base in order to generate the growth and returns that achieve the company’s strategy.<\/td>\n<\/tr>\n

Transaction Details<\/td>\nPurchasing a plot of land in Al-Rabie District – Riyadh, with a total area of (9,450 m2). NCLE is in the process of completing the procedures for transferring the land ownership document.<\/td>\n<\/tr>\n
Transaction Amount<\/td>\n35.7 million Saudi riyals, including real estate transaction tax.<\/td>\n<\/tr>\n
Transaction Conditions<\/td>\nNone<\/td>\n<\/tr>\n
Parties of the Transaction<\/td>\nSeller: Saudi Real Estate Company<\/p>\n

Buyer: National Company for Learning & Education<\/td>\n<\/tr>\n

Transaction Financing Method<\/td>\nA combination of NCLE\u2019s internal resources and bank facilities.<\/td>\n<\/tr>\n
Date of Entering Into The Transaction<\/td>\n2025-01-15 Corresponding to 1446-07-15<\/td>\n<\/tr>\n
Description of Activity of The Asset Subject of The Transaction<\/td>\nConstructing and operating an educational complex on the plot.<\/td>\n<\/tr>\n
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction<\/td>\nNot Applicable<\/td>\n<\/tr>\n
Transaction reasons<\/td>\nConstructing 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’s strategy.<\/td>\n<\/tr>\n
Expected Impact of the Transaction on the Company and Its Operations<\/td>\nThe 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
Related Parties<\/td>\nNone<\/td>\n<\/tr>\n
Additional Information<\/td>\nNone<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Expansion and growth of the student base to generate the
\ngrowth and returns that achieve the company’s strategy<\/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-3991","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\/3991","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=3991"}],"version-history":[{"count":1,"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/posts\/3991\/revisions"}],"predecessor-version":[{"id":3992,"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/posts\/3991\/revisions\/3992"}],"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=3991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/categories?post=3991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/tags?post=3991"},{"taxonomy":"output-rule","embeddable":true,"href":"https:\/\/edunew.ibda.io\/en\/wp-json\/wp\/v2\/output-rule?post=3991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}