| Element List | Explanation |
|---|---|
| Introduction | National Company for Learning & Education (NCLE) announces the signing of a Sharia-compliant credit facilities agreement with Saudi Awwal Bank with a facilities limit of SAR 230 million. |
| Date of obtaining the funding | 2026-05-06 Corresponding to 1447-11-19 |
| Financing entity | Saudi Awwal Bank |
| Financing amount. | SAR 230 million |
| Financing duration. | Long-term facilities: Maximum of 7 years (including a two-year grace period)
Short-term facilities: Maximum of 6 months |
| Guarantees offered for the financing | A promissory note for the value of the facilities, in addition to a real estate mortgage |
| Financing objective | Supporting NCLE’s expansion plans through financing asset purchases, construction work and acquisitions, as well as working capital financing. |
| Related Parties | There are no related parties. |
