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Al-Muhafaza Education Cancels Riyadh Land Lease Award
Al-Muhafaza Company for Education announced the cancellation of a land lease agreement in Al-Jazeera District, Riyadh, with Tatweer Company for Buildings, after the final signing could not be completed due to technical and legal issues related to the land. The company clarified that there is no financial impact or additional costs resulting from this cancellation, and that it will not affect the financial statements. This comes after a previous announcement in February 2026 about awarding the contract as part of the expansion plan in the educational sector.
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