Riyadh – Mubasher: Ataa Educational Company said it inked a Sharia-compliant credit facility agreement with Samba Financial Group worth SAR 50 million to finance the company’s working capital when needed.

The loan was granted to Ataa Educational based on its solid financial position in return for a promissory note, according to a stock exchange filing on Monday.

The loan term starts on 2 November 2020 and ends on 31 August 2021.