Academy of Learning Company’s announcement of obtaining credit facilities compatible with the provisions of Islamic Sharia
| Element List | Explanation |
|---|---|
| Introduction | Academy of Learning Company announces obtaining credit facilities compatible with the provisions of Islamic Sharia from Alinma Bank |
| Date of obtaining the funding | 2025-08-19 Corresponding to 1447-02-25 |
| Financing entity | Alinma Bank |
| Financing amount. | 11 million Saudi Riyals |
| Financing duration. | 5 years |
| Guarantees offered for the financing | 1- A guarantee pursuant to a fine and solidarity bond declaration from the Chairman of the Board of Directors
2- A promissory note submitted by the company to the bank. |
| Financing objective | The company aims to obtain these facilities in order to expand and increase its revenues in the upcoming period, in line with its strategy and future plans. |
| Related Parties | None |
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