Purchasing land for 14.7 million riyals to establish an educational complex

The National Company for Education and Education announced the purchase of land, yesterday, in the Ishbiliya neighborhood, with an area of ​​9,025 square meters, in the city of Riyadh, in order to invest it in establishing and operating an educational complex affiliated with the National Company for Education and Education.
According to the company’s statement on Tadawul Saudi Arabia, this investment comes within the company’s strategy that aims to expand and grow the student base in order to achieve growth and returns that achieve the company’s strategy.
The company said: The value of the deal is estimated at 14.7 million riyals, including real estate transaction tax.
She added that the seller: Ithra Riyadh Real Estate Company.
She noted that the deal was financed through the company’s own resources.
According to the company, the deal will contribute to the growth of revenues and returns over the coming years when the project is completed and operational.