National Learning says student count jumps to 16,400 in Q2 2021/22

Logo of National Company for Learning & Education 

National Company for Learning & Education (NCLE) said the total number of students enrolled in the company's schools increased to 16,400 by the end of the second quarter ended February 2022, noting that the schools’ capacity reached 28,600 students.

In a presentation to investors to discuss the financial results, NCLE added that the company's schools ranked third in terms of market share of private schools in Riyadh.

There are currently nine schools under operation, while one is still under construction.

Al Rawabi schools reported the highest revenue for Q2 2021/22 at SAR 32.04 million, while gross profit hit SAR 13.31 million.

Al Rayan schools came in second place with SAR 28.09 million in revenue, and a gross profit of SAR 11.93 million, as indicated in the table below:

According to data compiled by Argaam, NCLE reported a net profit after Zakat and tax of SAR 18.2 million in Q2 2021/22, compared to SAR 4.6 million in the year-ago period.