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Ataa Educational extends loan agreement with SNB

Ataa Educational extends loan agreement with SNB
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ATAA
4292
-6.08% 61.00 -3.95
SNB
1180
-2.16% 36.26 -0.80

Riyadh – Mubasher: Ataa Educational Company has renewed its credit facilities agreement with Saudi National Bank at a total value of SAR 50 million.

The company obtained the Sharia-compliant funding on 4 January 2022, for a duration of one year, according to a bourse disclosure.

Ataa Educational aims to finance its working capital through this loan.