Ataa Educational Co. — Capital/Financing Update 2025

Jan 7, 2025

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

4292 · 07/01/2025 15:30:44 · Announcement #84589 · View on Saudi Exchange

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

Element List	Explanation
Introduction	Ataa Educational Co. Announces obtaining a renewal of a bank facility agreement (compliance with Islamic Sharia provisions) with the Banque Saudi Fransi .
Date of obtaining the funding	2025-01-07 Corresponding to 1446-07-07
Financing entity	the Banque Saudi Fransi
Financing amount.	189,363,637 SAR
Financing duration.	10years
Guarantees offered for the financing	A promissory note and real estate guarantees
Financing objective	On-demand financing for the purpose of acquiring and building educational complexes and Financing working capital.
Related Parties	N/A
Additional Information	N/A

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