Ataa Educational Co. — Capital/Financing Update 2022

Jan 31, 2022

Ataa Educational Co. Announces the renewal of the credit facilities agreement that is in line with the sharia regulations

4292 · 31/01/2022 16:03:16 · Announcement #66520 · View on Saudi Exchange

Ataa Educational Co. Announces the renewal of the credit facilities agreement that is in line with the sharia regulations

Element List	Explanation
Introduction	Ataa Educational Company announces renewal of the credit facilities agreement that is in line with the Sharia regulations with Saudi Fransi Bank
Date of obtaining the funding	2022-01-31 Corresponding to 1443-06-28
Financing entity	Banque Saudi Fransi
Financing amount.	SAR150 million
Financing duration.	Year
Guarantees offered for the financing	promissory note of 150 million riyals. In addition to a Mortgage
Financing objective	1- SAR97 million Acquisitions and construction

2- SAR25 million Working capital financing when needed

3- SAR18 million Hedging

4- SAR10 million Letters of guarantee Related Parties There are no related parties in the agreement. Additional Information None

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