AOL signs SAR 9.2M deal with Ministry of Education

Logo of Academy of Learning Co. (AOL)

Academy of Learning Co. (AOL) signed today, July 2, a community partnership and cooperation agreement worth SAR 9.2 million with the Ministry of Education, according to a Tadawul statement.

The two-year agreement reflects the company’s commitment to social responsibility and aims to support community development and enhance human capital.

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Under the agreement, AOL will deliver quality training and qualification programs targeting the ministry’s human resources, as well as individuals affiliated with educational associations and their beneficiaries.

The company reaffirmed its continued commitment to launching quality initiatives to serve the Kingdom, in line with Vision 2030 goals, and supporting its comprehensive development process.

The contract is not expected to have a substantial financial impact on the company's financial results, as it falls within the framework of social responsibility and does not generate direct revenue.

Any future financial impacts from this collaboration will be disclosed later, the company said.