IssuerAnnouncementDetailsV2Portlet
Academy of Learning Company announces obtaining credit line compliant with Islamic Sharia law.
Element List | Explanation |
---|---|
Introduction | Academy of Learning Company announces obtaining credit line with Sharia compliant from Riyad Bank |
Date of obtaining the funding | 2024-07-15 Corresponding to 1446-01-09 |
Financing entity | Riyad Bank |
Financing amount. | 14.5 million Saudi Riyals |
Financing duration. | 4 years |
Guarantees offered for the financing | 1- A guarantee under a fine and solidarity bond approval from the Chairman of the Board of Directors. 2- A promissory note submitted by the company to the bank |
Financing objective | Financing future expansions |
Related Parties | 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.