Ataa Educational signs SAR 200m financing deal with Alinma Bank

Riyadh — Mubasher: Ataa Educational Company completed all necessary signatures for Sharia-compliant banking facilities valued at SAR 200 million from Alinma Bank.

In a follow-up to its disclosure dated 26 August 2026, the company clarified that all parties finalized the signing process by the end of the working day on 25 August.

Ataa Educational received the executed agreement at 10:30 AM the following morning and issued the initial announcement immediately after the trading session concluded on 26 August.

There is no financial impact resulting from this additional clarification. The agreement remains part of the company's strategy to utilize Islamic financing tools to support its operations.

Mubasher Contribution Time: 30-Aug-2026 13:09 (GMT)
Mubasher Last Update Time: 30-Aug-2026 13:09 (GMT)