Logo ofAtaa Educational Co.
Ataa Educational Co. signed, on Aug. 25, a Shariah-compliant banking facilities agreement worth SAR 200 million with Alinma Bank. 
In a statement to Tadawul, the company said that the 10-year financing is secured by a promissory note at the facility value in favor of the bank.
The new credit line is considered on-demand financing, to be used as on-demand financing for the potential acquisition and building of educational complexes.
There were no related parties involved in the deal, it noted.
Logo ofAtaa Educational Co.
Ataa Educational Co. signed, on Aug. 25, a Shariah-compliant banking facilities agreement worth SAR 200 million with Alinma Bank.
In a statement to Tadawul, the company said that the 10-year financing is secured by a promissory note at the facility value in favor of the bank.
The new credit line is considered on-demand financing, to be used as on-demand financing for the potential acquisition and building of educational complexes.
There were no related parties involved in the deal, it noted.
