"educational tender" Renewal of facilities agreement with "Ahli Saudi" 50 million riyals

Ataa Educational Company announced the renewal of a Sharia-compliant banking facility agreement with the National Bank of Saudi Arabia, at a value of 50 million riyals.

The company said in a statement on “Saudi Tadawul”, today, Wednesday, that the financing period is one year, and that it aims to finance working capital when needed.

She added that the guarantees provided in return for financing are an order bond.

She indicated that there are no related parties to the agreement.