Academy of Learning to set up SAR 100,000 real estate investment subsidiary

Logo of Academy of Learning Co.

Academy of Learning Co.’s (AOL) board of directors approved on Sept. 19 the establishment of a real estate investment and development company.

The new entity will be set up as a 100%-owned limited liability company with SAR 100,000 capital. It will be headquartered in Riyadh, AOL said in a statement to Tadawul.

The new company aims to establish model educational and training branches for AOL, add additional income to the academy through investing in its competitive advantage, and invest the academy's capital more effectively.

It will also develop the surroundings of the academy’s branches through shops (such as, libraries, pharmacies, restaurants, cafés, etc.) to stimulate the academy's clients, employees and tenants, AOL concluded.