The National Education and Training Company (National Education), a leading private education provider in the Kingdom of Saudi Arabia, announced the results of its Extraordinary General Assembly meeting (first meeting), which was held last Thursday after achieving the necessary quorum. The meeting resulted in a number of key decisions reflecting the company's financial strength and its strategic direction for the next phase.
Details of dividend distribution and entitlement date
In a move that strengthens shareholder confidence, the General Assembly approved the Board of Directors' recommendation to distribute cash dividends for the fiscal year ending July 31, 2025. The total amount allocated for distribution is SAR 107.5 million, equivalent to 25% of the company's share capital. According to the resolution, the dividend per share will be SAR 2.5.
The company has specified the entitlement mechanism, whereby shareholders who own shares at the close of trading on the day of the General Assembly meeting and are registered in the company's shareholder register at the Securities Depository Center (Edaa) at the end of the second trading day following the entitlement date will be eligible. The dividend distribution process is scheduled to commence on Wednesday, January 14, 2026.
Strategic decisions and appointment of auditors
In addition to the distribution of profits, the voting results included approval of the following items:
- Reviewing, discussing and approving the Board of Directors’ report and financial statements for the fiscal year ending July 31, 2025.
- Approval to release the members of the Board of Directors from liability for the same financial period.
- The company “BDO Dr. Mohammed Al-Omari & Partners” has been appointed as the company’s auditor to examine and audit the financial statements for the third quarter of the fiscal year 2025/2026, the annual statements for the fiscal year ending on July 31, 2026, in addition to the first and second quarters of the fiscal year 2026/2027, for a professional fee of 545,000 riyals.
- Authorizing the Board of Directors to distribute interim dividends (semi-annual or quarterly) for the fiscal year ending July 31, 2026, which gives the company greater flexibility in managing cash flows and shareholder returns.
Financial performance indicators and the context of the education sector
This announcement comes at a time when the education sector in Saudi Arabia is undergoing significant transformations and rapid growth, supported by the goals of Vision 2030, which encourages investment in private education and focuses on raising the quality of educational outcomes. The National Education Company is one of the leading entities listed on the Saudi Stock Exchange (Tadawul) benefiting from this momentum, with its 25% dividend distribution reflecting financial stability and strong operational capabilities.
Furthermore, the approval of the Board of Directors' authorization to distribute interim dividends in the future indicates management's optimistic outlook regarding future cash flows and a desire to maintain the stock's attractiveness to investors seeking sustainable, periodic returns. Such distributions play a vital role in stimulating the economic cycle and bolstering the confidence of local and international investors in the education services sector as a defensive and vital sector.
The assembly concluded by approving the amendment and addition of some articles to the company’s articles of association, in accordance with the regulatory updates to the new Companies Law and its executive regulations, which ensures that the company continues to operate according to the highest standards of governance and transparency.
