Al Rayan, Al Rawabi, Qairawan complexes lead revenue; no fee hikes: NCLE CEO

Mohammed Al Khudair, CEO of National Company for Learning and Education (NCLE)

Mohammed Al Khudair, CEO of National Company for Learning and Education (NCLE), said the Al Rayan, Al Rawabi, and Qairawan educational complexes were the biggest contributors to revenue in the third quarter ended April 30, 2026.

Speaking to Argaam, Al Khudair said revenue was supported by a 10% increase in enrollment as student numbers reached 35,200 by the end of Q3 2025/26, up from about 31,900 a year earlier.

He said the third-quarter net profit rose mainly due to a 15% revenue hike, adding that the company did not raise tuition fees during the current academic year.

Al Khudair added that differences in the number of days recognized for revenue accounting purposes between the two periods also supported net profit growth versus the year-earlier quarter.

The nine-month profit rose 9% to SAR 168.2 million by April 30, 2026, from SAR 155 million a year earlier. The third-quarter profit also climbed 19% to SAR 67.6 million, according to Argaam’s data.