Alkhaleej Training leases Riyadh education complex for 25 years

25/03/2025 Argaam
Logo ofAlkhaleej Training and Education Co.

Logo of Alkhaleej Training and Education Co.

Alkhaleej Training and Education Co. signed a long-term lease for its educational complex in Al-Jazirah District, Riyadh.

 

The 19,700-square-meter facility is leased to Global School Holding Saudi Co., a subsidiary of Singapore-based Global Schools Holdings Ltd.

 

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The 25-year lease features a variable annual rent, totaling SAR 253.7 million, including VAT. ICREA Management Consulting advised on the deal.

 

The 25-year lease has a variable annual rent, totaling SAR 253.7 million, including VAT. ICREA advised on the deal.

 

Alkhaleej Training expects a positive financial impact starting in fiscal 2025.

 

The company had leased the land from Tatweer Building Co. (TBC) and developed the complex before securing regulatory approvals for the lease. Following approval, the complex was leased to Saudi Global School.

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