CONSUMER DISCRETIONARY SECTOR

National Company for Learning and Education (NCLE)

INVESTING IN THE FUTURE

National Company for Learning and Education (NCLE)

  • www.edu.com.sa
  • Year company founded: 1958
  • Number of employees: 1,400
  • Market capitalization: SAR 2.24 billion

The National Company for Learning and Education (NCLE) was established in 1958 as the first private school for girls in Riyadh. Since then, it has built and operated recreation clubs and world-class private schools that offer national and international curriculum programs to students from kindergarten to secondary school. It is now a leading company in the public education sector and the first in the sector to be listed on the Saudi Exchange.

The capacity of NCLE campuses is around 29,000 male and female students, a figure that will grow by 3,000 once current construction projects are complete. The company employs more than 1,650 academic and administrative staff, and has been awarded several international certificates, including the King Abdul Aziz Quality Award, the King Khaled Award (Responsible Competitiveness), and Management Certificate the International Quality (ISO 9002).

With the population of people under 19 years old projected to grow, there will be a higher demand for education in the coming years. NCLE aims to meet this demand through continued investment in line with the goals of the Kingdom’s Vision 2030 strategy and Ministry of Education KPIs, which aim to increase the number of students enrolled in private schools and colleges from 14.5% to 25%.

This focus on learning has led to increased awareness of the importance of investing in children’s education. Its public listing on the Saudi Exchange helps NCLE to achieve transparency, impartiality, and fairness in all of its transactions as the sector draws more attention.

NCLE’s plans include further expansion and investment along with the introduction of technology across its schools to support a hands-on approach to learning. The company takes seriously its responsibility for providing outstanding educational products and services as the Kingdom works to build a globally competitive society.

NCLE is led by Chairman Khalid Bin Mohammed Al Khudiar and CEO Mohammed Bin Khalid Al Khudiar.

NCLE campuses have over 14,500 male and female students

Chairman message:

The National Company for Learning & Education (NCLE) was founded by Sheikh Mohammad bin Ibrahim Al-Khudair who aspired to contribute to the spread of education across society.

26,000 Number of students who have graduated from NCLE’s schools

We are proud that more than 26,000 students have graduated from our schools, many of whom hold leadership positions in various organizations, government bodies, and large companies in the Kingdom of Saudi Arabia.

After more than 63 years of excellence in education, NCLE became the first company in the private education sector to be listed on the Saudi Exchange.

Doing so helped the company expand and strengthen its compliance and governance capabilities.

NCLE will continue to provide best-in-class education and grow its operations to achieve the returns its shareholders expect.

NCLE overview and historic time line:

NCLE was established in 1958 as the 1st girls’ private school in Riyadh. Since its founding, the company has provided excellent educational services. As a result, it has become one of the most distinguished brands in this sector and holds a leadership position among its competitors. The company’s schools are classified first (A) according to the classification of the Ministry of Education and provide educational services for all levels of education (KG to Grade 12).

Operations overview:

NCLE provides educational services on six campuses under its original brand “Al-Trbyh Namothajiah Schools” in Riyadh and Qassim, in addition to the newly acquired schools “Al-Ghad Schools” and “Al-Khawarzmi Schools.” NCLE is continuing to grow by building new campus in Dhahran along with two other projects that are still in the planning stage.

 

Operational campuses

TNS – Al Rayyan Campus:

  • Opened in 1980 in Al Rayyan District, Riyadh.
  • It is constructed on a land area of 59,927 m2 owned by NCLE.

TNS – Al Rawabi Campus:

  • Opened in 2009 in Rawabi District, Riyadh after rebranding.

Al-Hadhara schools:

  • It was acquired in 2006.
  • It is constructed on a land area of 35,785 m2 owned by NCLE.

TNS – Al Nuzha Campus:

  • Opened in 2013 in Al Nuzha District, Riyadh.
  • It is constructed on a land area of 29,250 m2 owned by NCLE.

TNS – Al Rawabi Campus:
Opened in 2009 in Rawabi District, Riyadh after rebranding
Al-Hadhara schools which was acquired in 2006. It is constructed on a land area of 35,785 m2 owned by NCLE.

TNS – Al Nuzha Campus:
Opened in 2013 in Al Nuzha District, Riyadh. It is constructed on a land area of 29,250 m2 owned by NCLE.

TNS – Qurtuba Campus:

  • Opened in 2017 in Qurtuba District, Riyadh.
  • It is constructed on a land area of 5,416 m2 owned by NCLE.

TNS – Qassim Campus:

  • Opened in 2019 in Buraydah City, Qassim.
  • It is constructed on a land area of 12,661 m2 owned by NCLE.

TNS – Qairwan Campus:

  • Opened in 2020 in Qairwan District, Riyadh.
  • It is constructed on a land area of 30,000 m2 owned by NCLE.

Al Ghad Schools:

  • Located in King Abdullah District, Riyadh. SPA was signed in Nov 2019 and transaction is pending regulatory approvals.

Khwarizmi Schools:

  • Located in Al-Nada District, Riyadh. SPA was signed in Nov 2019 and transaction is pending regulatory approvals.

Projects under construction

TNS – Tilal Al Doha (Dhahran) Campus:

  • The project located in Tilal Al Doha District, Dhahran.
  • It is constructed on a land area of 9,875 m2 owned by NCLE.
  • The campus is planned be in operation in September 2021.

Projects in study phase

TNS – Al Qassir 1 (Khobar) Campus:

  • The project located in Al Bahar District, King Faisal Street, Khobar.
  • It is constructed on a land area of 14,892.07 m2 owned by NCLE. The campus is under preplanning and will be in operation in September 2022.

TNS – Al Qassir 2 (Khobar) Campus:

  • The project located in Al Bahar District, King Faisal Street, Khobar.
  • It is constructed on a land area of 11,802.23 m2 owned by NCLE. The campus is under preplanning and will be in operation in September 2022.

NCLE facts

  • 63 Years of excellent education
  • K-12 national & international curriculum
  • More than 13,000 enrolled students
  • 3rd Ranking in Market Share in Riyadh
  • 11 campuses: 8 in operation and 3 under construction
  • Around 29,000 student capacity with 3,000 additional capacity
  • 1,650 employees working for NCLE including faculty members
  • 1st according to the Ministry of Education ranking

NCLE has achieved continuous profits during its march, which provide the company with the required financial resources, liquidity, and flexibility sufficient for the expansion and development processes through heavily relying on self-financing. These profits also enabled NCLE to achieve its vision and future goals in line with the vision of Saudi Arabia 2030.

[image]