Ataa Educational renews credit facilities worth SAR 15 mln with Banque Saudi Fransi
31/01/2022
Argaam
Logo of Ataa Educational Co.
Ataa Educational Co. renewed a Shariah-compliant credit facilities agreement worth SAR 150 million with Banque Saudi Fransi (BSF), it said in a filing to Tadawul.
The financing, which is secured by a promissory note worth SAR 150 million and a mortgage, has a duration of one year.
The company will use SAR 97 million of the facilities to finance acquisitions and construction, and SAR 25 million to finance the working capital when needed. In addition, Ataa will use SAR 18 million as hedging and SAR 10 million as letters of guarantee.
Market Indices
TASI
10,878.46
13.89
0.13 %
Quotes
BSF
21.71
0.31
1.45%
ATAA
41.80
(1.00)
(2.34%)
About Us
Join Us
Argaam Tools is an advanced tool that provides investors, analysts, research houses, and corporate executives with easy access to a single source for in-depth data on macroeconomy, capital market, sectors, and companies insights.
Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}