| Element List |
Explanation |
| Introduction |
Ataa Educational Company announces that its subsidiary (Al-Wasat Al-Ahlia Company for Education and Training) has signed a Sharia-compliant Murabaha financing agreement of 70 million Saudi riyals with the Banque Saudi Fransi for the construction of an educational complex in Riyadh . |
| Date of obtaining the funding |
2023-05-14 Corresponding to 1444-10-24 |
| Financing entity |
the Banque Saudi Fransi |
| Financing amount. |
SAR 70,000,000 |
| Financing duration. |
7 years |
| Guarantees offered for the financing |
A promissory note, a corporate guarantee, and a personal guarantee |
| Financing objective |
Financing the construction of an educational complex in Riyadh . |
| Related Parties |
None |
| Additional Information |
None |
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