Ataa Educational renews SAR 189.4M credit facility deal with BSF

07/01/2025 Argaam
Logo ofAtaa Educational Co.

Logo of Ataa Educational Co.

Ataa Educational Co. renewed its Shariah-compliant credit facility agreement with Banque Saudi Fransi (BSF) for SAR 189.36 million, according to a Tadawul statement.

 

The 10-year loan, secured today, Jan. 7, is guaranteed by a promissory note and real estate guarantees.

 

For more news on listed companies

 

The facility aims to fund on-demand financing for the purpose of acquiring and building educational complexes and financing working capital, the statement said.

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