NCLE CEO says Al-Qassim Campus first project to be finalized from IPO proceeds

National Company for Learning & Education (NCLE) will launch Al-Qassim Educational Campus ahead of schedule as the first project completed from its initial public offering (IPO) proceeds. 

“We’re proceeding with other planned projects and will disclose the related details by the end of every quarter,” NCLE CEO Mohammed Al Khudair told Argaam in an exclusive. 

“Launching Al-Qassim Campus ahead of schedule underscores the company’s commitment to the plans announced during the IPO period,” Al Khudair said.

The new facility’s kindergarten and primary buildings are fully complete and will begin operations in the academic year 2019-2020, while the remaining phases will be finalized next year. 

“NCLE’s vision is based on maintaining assets and increasing capital to build model educational facilities, such as Al-Qassim Campus,” Al Khudair concluded.

The company was expected to launch operations at the Al-Qassim Campus in early 2020-2021, Argaam earlier reported.

Meanwhile, NCLE has pushed back the expected date for launching the Al Qairawan Educational Campus facilities to the academic year 2020-2021.