NCLE says new educational complexes make up SAR 24.7M of Q2 2024/25 revenue
Mohammad Al-Khudair, CEO of The National Company for Learning & Education (NCLE), said that revenues from the new educational complexes launched at the beginning of the academic year 2024-2025 contributed SAR 24.7 million to total topline as of Q2 2024/25.
Al-Khudair told Argaam that NCLE's Q2 revenues grew by 16% year-on-year (YoY). This growth was driven by a 13% increase in the number of students enrolled in the company's schools, rising from 28,200 students to 31,900 students.
Additionally, net profit jumped 18% YoY driven by higher revenues, thanks to the rise in student count and the opening of new educational complexes.
NCLE inaugurated four new educational complexes in Riyadh at the beginning of the current academic year, including: Tarbiyah Namouthajiyah Schools in Qurtubah, and Al-Narjis districts. It also launched Al-Wataniya School in Hittin district and Tarbiyah Al-Namouthajiyah International Academy in Al-Qairawan district.
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