18 Hrs
Source:
الاقتصادية
Student rise boosts Al-Wataniya profits
The National Education Company announced an increase in its profits of over 18.5% in the quarter ending in April, reaching 67.6 million SAR. Revenues grew by 15% to 212.3 million SAR, driven by a 10% increase in student numbers to 35,200 students. The Board of Directors also approved the construction of a new educational complex in Khozam neighborhood in Riyadh, at a cost of 41 million SAR. The construction is expected to begin in the first quarter of the 2026-2027 fiscal year and be completed in the fourth quarter, with the goal of expanding the student base and achieving sustainable financial growth. The company anticipates that the financial impact of the project will become evident starting from the first quarter of the 2027-2028 fiscal year.
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