4 Days
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الاقتصادية
Student growth boosts Al-Watania profits
The National Education Company announced an 18.5% increase in its quarterly profits, reaching 67.6 million Riyals, alongside a 15% rise in revenues to 212.3 million Riyals. This growth is attributed to a 10% increase in student numbers, totaling 35,200 students. Additionally, the Board of Directors approved a project to establish a new school complex in the Al-Dhaiyah Khuzam neighborhood of Riyadh, with a cost of 41 million Riyals. Construction is expected to commence in the first quarter of the 2026-2027 fiscal year and to be completed by the fourth quarter, aiming to expand the student base and generate revenue growth. These projects will impact the financial statements starting from the beginning of operations in the 2027-2028 fiscal year.
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