Academy of Learning gets SAR 30M facilities from Bank Albilad

03/11/2024 ِArgaam
Logo ofAcademy of Learning Co. (AOL)

Logo of Academy of Learning Co. (AOL)

Academy of Learning Co. (AOL) obtained today, Nov. 3, Shariah-compliant credit facilities from Bank Albilad at a total value of SAR 30 million to finance future expansions.

 

The facilities have a four-year term and are secured by a performance guarantee by the company’s Chairman and a promissory note, AOL said in a statement to Tadawul.

 

There are no related parties to the deal.

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