Ataa Educational Co. — Capital/Financing Update 2023

May 4, 2023

Ataa Educational Co. Announces Obtaining a Banking facilities agreement in compliance with the provisions of the Islamic Sharia

4292 · 04/05/2023 15:52:21 · Announcement #73395 · View on Saudi Exchange

Ataa Educational Co. Announces Obtaining a Banking facilities agreement in compliance with the provisions of the Islamic Sharia

Element List	Explanation
Introduction	Ataa Educational Company announces the renewal of a Sharia-compliant banking facilities agreement with the Banque Saudi Fransi
Date of obtaining the funding	2023-05-04 Corresponding to 1444-10-14
Financing entity	the Banque Saudi Fransi
Financing amount.	SAR 107,090,909
Financing duration.	5 years
Guarantees offered for the financing	A promissory note and real estate guarantees
Financing objective	Financing for the purpose of acquisitions, construction of educational complexes, Working Capital Financing , and letters of guarantee, and financing of interest rate swap.
Related Parties	None
Additional Information	None

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