National Education delays launch of Al Qairawan Campus

National Company for Learning & Education (NCLE) has pushed back the expected date for launching Al Qairawan Educational Campus Facilities to the academic year 2020-2021, the company said in a bourse statement.

The original date was set for early 2019-2020, according to the company prospectus.

“The completion rate of the new campus reached 40 percent,” NCLE added, noting that the postponement was related to delays in license issuance.

NCLE said there is no change to the project’s estimated cost, and no material impact is expected on its financial statements for fiscal year 2019-2020.