Al Mohafaza, Sulaiman Alrajhi University sign education programs deal

Logo of Al Mohafaza Company for Education

Al Mohafaza Company for Education signed an agreement on July 8 with Sulaiman Bin Abdulaziz Al Rajhi Education and Development Co. Ltd. (Sulaiman Alrajhi University) to manage and operate educational and training programs.

In a statement to Tadawul, the company said it will receive 70% of the total fees collected under the agreement.

The contract will run for four years, from the 2026/2027 to the 2029/2030 academic year.

The company stated that the agreement aims to establish an integrated cooperation model between the two parties for managing and operating educational and training programs through on-campus, distance, and blended learning.

It added that both parties agreed to expand the scope of diploma, academic and professional programs, as well as higher diploma and executive master's programs.

Al Mohafaza expects the agreement to have a positive financial impact on its financial results during H1 2027, following the launch of the educational and diploma programs.

There are no related parties to the deal, the statement added.

The company confirmed that the contract was concluded in the ordinary course of business and does not include any preferential terms.