Ataa unit secures SAR 70 mln Murabaha facility from BSF

15/05/2023 Argaam
logo ofAtaa Educational Co.

logo of Ataa Educational Co.

Ataa Educational Co.’s subsidiary, Al Wasat National Schools for Education and Training, signed a Sharia-compliant Murabaha financing agreement with Banque Saudi Fransi (BSF) at a total value of SAR 70 million, according to a statement to Tadawul.

 

The seven-year facility will be used to finance the construction of an educational complex in Riyadh.

 

The facility was guaranteed by a promissory note, a corporate guarantee, and a personal guarantee.

 

The deal included no related parties, the statement added.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.