Ataa Educational renews credit facilities worth SAR 50 mln with SNB

04/01/2022 Argaam

Logo of Ataa Educational Co.

Ataa Educational Co. renewed today, Jan. 4, a Sharia-compliant credit facilities agreement worth SAR 50 million with Saudi National Bank (SNB), the firm said in a statement to Tadawul.

 

The one-year agreement is secured by a promissory note.

 

The facilities will be used for financing the company's working capital.

 

There are no related parties in the agreement, the statement noted.

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