Academy of Learning Company announces obtaining credit line compliant with Islamic Sharia law.
| Element List | Explanation |
|---|---|
| Introduction | Academy of Learning Company announces obtaining credit line with Sharia compliant from Riyad Bank |
| Date of obtaining the funding | 2024-07-15 Corresponding to 1446-01-09 |
| Financing entity | Riyad Bank |
| Financing amount. | 14.5 million Saudi Riyals |
| Financing duration. | 4 years |
| Guarantees offered for the financing | 1- A guarantee under a fine and solidarity bond approval from the Chairman of the Board of Directors.
2- A promissory note submitted by the company to the bank |
| Financing objective | Financing future expansions |
| Related Parties | None |
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