Ataa Educational secures funding from Alinma Bank for strategic expansion

ATAA
4292 0.94% 44.94 0.42 ALINMA
1150 1.89% 25.90 0.48

Riyadh — Mubasher: Ataa Educational Company has secured Sharia-compliant banking facilities totaling SAR 200 million from Alinma Bank, according to a bourse filing.

The financing agreement was signed on 25 August 2026 and is structured to support Ataa Educational’s strategic expansion through the acquisition and construction of new educational complexes.

The company noted that the funding carries a maturity period of 10 years.

According to the regulatory filing, the financing is provided as an on-demand facility secured by a promissory note for the full value of the financing in favor of the bank.

Ataa Educational confirmed that the agreement involves no related parties.

The move aligns with the company’s long-term objectives to enhance its infrastructure and broaden its educational footprint within the Kingdom. 

Source: Mubasher Source: {{details.article.source}}