On July 9, 2026, Al Mohafaza Company for Education announced the signing of a contract with Sulaiman Bin Abdulaziz Al Rajhi Education and Development Company Limited Liability Company ("Sulaiman Al Rajhi University"), dated July 8, 2026, for the management and operation of educational and training programs covering diploma, academic and professional, higher diploma, and executive master's programs delivered through in-person, distance, or blended education formats. Under the contract terms, 70% of total collected fees will be allocated to Al Mohafaza Education Company, with the agreement spanning four years from academic year 1448 AH through the end of academic year 1451 AH. The partnership aims to integrate Sulaiman Al Rajhi University's academic expertise and regulatory accreditations with Al Mohafaza's operational and technological capabilities to support labor market needs and national development goals. The financial impact is expected to positively affect the company's results beginning in the first half of 2027, following the launch of the programs and diplomas.

Original announcement:

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.