Logo of Ataa Educational Co.
Ataa Educational Co. renewed a Shariah-compliant credit facilities agreement worth SAR 50 million with Saudi National Bank (SNB), it said in a statement to Tadawul.
The financing obtained today, Jan. 18, is valid for one year and is secured by a promissory note.
The company will use the facilities to finance working capital when necessary. There are no related parties to the agreement, Ataa Educational added.
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