AOL obtains SAR 11M credit facilities from Alinma Bank

20/08/2025 Argaam
Academy of Learning says credit facilities from Alinma Bank span 5 years

Academy of Learning says credit facilities from Alinma Bank span 5 years

Academy of Learning Co. (AOL) obtained Shariah-compliant credit facilities from Alinma Bank, valued at SAR 11 million.

 

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The company said in a statement on Tadawul that the financing was obtained on Aug. 19, 2025, and extends for a period of five years.

 

The amount is covered by a guarantee pursuant to a fine and solidarity bond declaration from the Chairman, in addition to a promissory note.

 

The company aims to use these facilities for expansion and to increase its revenue in the coming period, in line with its strategy and plans, the statement added.

 

AOL further clarified that there are no related parties.

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