| 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 |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.