AOL signs SAR 128.7M training deal With Hadaf

Academy of Learning (AOL) signed today, Aug. 13, a SAR 128.73 million training support agreement, including VAT, with the Human Resources Development Fund (Hadaf) to implement training and qualification programs leading to employment.

The company said in a Tadawul filing that the contract value exceeds 138% of its revenue, based on the latest audited financial statements for the year ended Dec. 31, 2023.

The one-year deal covers programs and initiatives expected to boost revenue, with a positive financial impact projected for the fiscal year ending June 30, 2026.