Academy of Learning obtains credit line with Riyad Bank for SAR 22 million

Academy of Learning Company announces obtaining credit line Sharia compliant with Riyad Bank at a value of 22 million Saudi Riyals to finance future expansions in the company’s branches in Riyadh, Khobar and Dammam.

The company said that the financing duration is three months.

The guarantees offered for the financing include:

– A promissory note submitted by the company to the bank.

– Mortgage on a bank deposit of 50 million Saudi riyals.

– Solidarity guarantee from the Chairman of the Board of Directors.