‎“Ataa Education” renews a facility agreement with Banque ‎Saudi Fransi for SR107 mln

Ataa Educational Company announced the renewal of a Sharia-compliant banking facilities agreement with Banque Saudi Fransi at a value of 107,090,909 riyals, with a financing period of 5 years, for the purpose of acquisition, building educational complexes, supporting working capital, letters of guarantee, and financing interest rate swaps. ,

Regarding the guarantees provided in exchange for financing, the company said in a statement today on “Tadawul” that they consist of promissory notes and real estate guarantees.