Alkhaleej Training Signs SAR6.25M Annual School Lease

ALKHALEEJ TRNG +0.12%

ALKHALEEJ TRNG

4290.SA

16.10

+0.12%

Alkhaleej Training and Education Company announced on January 25, 2026, the signing of a lease contract with Mr. Abdulaziz bin Rashid Abdulrahman Al-Rashed, the company's Chairman, for an educational complex (Rowad Al Khaleej School) in Al-Ahsa City. The 20-year lease agreement has an average annual rental value of 6,250,000 Saudi Riyals before VAT. The contract was concluded under prevailing commercial terms without preferential conditions and is expected to positively impact the company's financial results for fiscal year 2026 and beyond.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=92797&anCat=1&cs=4290&locale=ar

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.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.