“Learning Academy” obtains facilities worth 113.7 million riyals from Riyad Bank

The Learning Academy Company obtained credit facilities compatible with the provisions of Islamic Sharia from Riyad Bank.

The company said in a statement on its website: "Saudi Arabia trading"The value of the financing is estimated at 113.7 million riyals, up to 6 years, including a grace period of one year.

She added that the guarantees provided in exchange for the financing: a guarantee pursuant to the approval of a fine and solidarity bond from the Chairman of the Board of Directors, in addition to a promissory note submitted by the company to the bank.

She explained that the goal of the financing: to support expansions in the group’s future projects, in line with the company’s strategy and future plans.

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