Ataa Educational Co. Obtains Banking Facilities Agreement in Compliance with the Provisions of Islamic Sharia
July 07, 2021 at 12:48 am
Ataa Educational Company announced the signing of a Sharia-compliant banking facility agreement with Riyad Bank with a value of SAR 278,250,000. These facilities will be used to finance the company’s future needs for expansion projects and to finance working capital when needed. The facilities were granted Based on the strength of the company's financial position against a promissory note. Financing duration: 10 years.