Ataa Educational Co. — Capital/Financing Update 2024

Sep 9, 2024

Ataa Educational Co. Announces obtaining a renewal of a bank facility agreement (compliance with Islamic Sharia provisions) with the Saudi Investment Bank.

4292 · 09/09/2024 15:55:17 · Announcement #82490 · View on Saudi Exchange

Ataa Educational Co. Announces obtaining a renewal of a bank facility agreement (compliance with Islamic Sharia provisions) with the Saudi Investment Bank.

Element List	Explanation
Introduction	Ataa Educational Company announces the renewal of a banking facilities agreement (compliance with Islamic Sharia provisions) with the Saudi Investment Bank
Date of obtaining the funding	2024-09-09 Corresponding to 1446-03-06
Financing entity	The Saudi Investment Bank
Financing amount.	510,460,556 SAR
Financing duration.	10years
Guarantees offered for the financing	The facility agreement is secured by a promissory note with the value of the facilities in favor of the bank.
Financing objective	On-demand financing for the purpose of acquiring and building educational complexes and supporting working capital.
Related Parties	N/A

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