Ataa Educational Co. — Capital/Financing Update 2023

May 18, 2023

Ataa Educational Company announcement for the renewal and amendment of a Sharia-compliant banking facilities agreement with The Saudi Investment Bank

4292 · 18/05/2023 09:11:18 · Announcement #73732 · View on Saudi Exchange

Ataa Educational Company announcement for the renewal and amendment of a Sharia-compliant banking facilities agreement with The Saudi Investment Bank

Element List	Explanation
Introduction	Ataa Educational Company announcement for the renewal and amendment of a Sharia-compliant banking facilities agreement with The Saudi Investment Bank .
Date of obtaining the funding	2023-05-17 Corresponding to 1444-10-27
Financing entity	The Saudi Investment Bank
Financing amount.	SAR 213,736,889
Financing duration.	10 years
Guarantees offered for the financing	A promissory note
Financing objective	Financing for the purpose of acquisitions, construction of educational complexes, Working Capital Financing, and letters of guarantee, and financing the restructuring of the balance sheet items.
Related Parties	None
Additional Information	None

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