1. The increase in the number of students by 12% from 40.5 thousand to 45.2 thousand male / female students resulted in an increase in revenues by 13% compared to last year, which is mainly due to the rise in the number of students enrolled in the schools affiliated to the company, and the acquisition of Nabaa Educational Company.

In addition to the increase in tuition fees compared to the previous year, which included exceptional discounts related to the repercussions of the Corona pandemic, which the company announced at the time

And this is despite the increase in operating costs by 4% and the return on consolidating the financial statements with the acquired Nabaa Educational Company, in addition to the costs resulting from the attendance of the preparatory and primary schools.

2. An increase in other revenues by 53% as a result of the resumption of the physical attendance of students in the primary grades and the consolidation of the financial statements with the acquired Nabaa Educational Company.

3. Marketing expenses increased by 328% compared to last year due to the company's marketing campaign for the new year.

4. An increase in financing costs by 35% compared to last year due to the borrowing related to the purchase of the Arab Group for Education and Training, in addition to the increase in SIBOR prices.

An increase in other revenues by 59%, due to the accounting treatment of settling the termination of lease contracts for branches in the employment sector (Standard 16), as well as a decrease in operating costs by 7.6%, due to a decrease in operating costs in the employment sector by 41%. This is despite the decline in revenues by 6.3% due to the granting of additional discounts related to collecting tuition fees-measures.

Evidence of non-recurring gains in the similar period resulting from the acquisition of the Arab Group Company for Education and Training (Note No. 12 in the Financial statements) at a value of 38.1 million riyals.

And by excluding the effect of these gains, considering that they are non-recurring and not a result of the activity, there will be an increase in the net profit for the current period by 155% compared to the similar period of the last year due to the following:

1. An increase in the number of students by 12% from 40.5 thousand to 45.2 thousand male / female students, which resulted in an increase in revenues by 20% compared to the same period, which is mainly due to the rise in the number of students enrolled in the schools affiliated to the company, and the acquisition of Nabaa Educational Company.

Moreover, the tuition fees were increased compared to the previous year due to the company's action of raising tuition fees and canceling the discounts related to online education that the company granted during the Corona pandemic (announced by the company at the time).

This is despite the increase in operating costs by 15% and the return on consolidating the financial statements with the acquired Nabaa Educational Company, in addition to the costs resulting from the physical attendance of the preparatory and primary students in the schools.

2. An increase in revenues from the government grant by 26% due to increased payments received from government initiatives.

3. An increase in other revenues by 40% as a result of the physical attendance of students in the primary grades and the consolidation of the financial statements with the acquired Nabaa Educational Company.

4. An increase in marketing expenses by 350% compared to last year resulted from the company's campaign for the new school year.

5. An increase in financing costs by 21% compared to last year due to the borrowing related to the purchase of the Arab Group for Education and Training, in addition to the increase in SIBOR prices.

Some elements of the financial statements position and income statement have been reclassified.

For more details, please refer to disclosure No. 18 in the financial statements.

at the following link https://ataa.sa. The company also wishes to draw the attention of financial analysts and investors to send their inquiries about the results of the business to the company's email: [email protected], within 10 days from the date of publication of the financial statements.