With reference to the announcement of Horizon Educational Company (the Company) dated 01/09/1446 AH corresponding to 07/15/2024 AD regarding its signing of a lease contract for a land area of ​​13,010.4 m2 for a period of 23 years in the Dhahrat Laban neighborhood in the city of Riyadh, the Company announces the approval of the Board of Directors on 05/16/1446 AH corresponding to 11/18/2024 AD to sign a contract with Saleh Abdul Aziz Al-Ghanim General Contracting Company to carry out the concrete and structural works for the new educational complex in the Dhahrat Laban neighborhood (boys and girls) The signing of this contract is in line with the company’s strategy to expand and increase the student base in order to achieve the growth and returns that the company targets within its strategy.