Ataa Educational renews SAR 50 mln credit facilities with SNB

18/01/2023 Argaam
Logo of Ataa Educational Co.

Logo of Ataa Educational Co. 

Ataa Educational Co. renewed a Shariah-compliant credit facilities agreement worth SAR 50 million with Saudi National Bank (SNB), it said  in a statement to Tadawul.

 

The financing obtained today, Jan. 18, is valid for one year and is secured by a promissory note.

 

The company will use the facilities to finance working capital when necessary. There are no related parties to the agreement, Ataa Educational added.

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