Articles > National Company for Learning & Education Signs SAR 230 Million Sharia-Compliant Credit Facility Agreement with Saudi Awwal...
National Company for Learning & Education Signs SAR 230 Million Sharia-Compliant Credit Facility Agreement with Saudi Awwal...
By KlickAnalytics Data Insights | May 7, 2026 03:09AM ET
National Company for Learning & Education Signs SAR 230 Million Sharia-Compliant Credit Facility Agreement with Saudi Awwal Bank
- NCLE announces the signing of a Sharia-compliant credit facilities agreement with Saudi Awwal Bank for a facilities limit of SAR 230 million.
- The financing, obtained on May 6, 2026, will support NCLE's expansion plans and working capital needs.
- The agreement includes long-term facilities with a maximum 7-year duration and short-term facilities with a maximum 6-month duration.
National Company for Learning & Education (NCLE) has officially announced the signing of a Sharia-compliant credit facilities agreement with Saudi Awwal Bank. The agreement includes a facilities limit of SAR 230 million, aimed at supporting NCLE's expansion plans through financing asset purchases, construction work, acquisitions, and working capital needs.
Obtained on May 6, 2026, the financing will be divided into long-term facilities with a maximum duration of 7 years, including a two-year grace period, and short-term facilities with a maximum duration of 6 months. In exchange for the financing, NCLE has offered a promissory note for the value of the facilities, as well as a real estate mortgage.
With no related parties involved in the agreement, the signing of this Sharia-compliant credit facility marks a significant milestone for NCLE in its efforts to grow and enhance its presence in the education sector. The funding provided by Saudi Awwal Bank will play a crucial role in supporting NCLE's strategic objectives and future initiatives.
- NCLE announces the signing of a Sharia-compliant credit facilities agreement with Saudi Awwal Bank for a facilities limit of SAR 230 million.
- The financing, obtained on May 6, 2026, will support NCLE's expansion plans and working capital needs.
- The agreement includes long-term facilities with a maximum 7-year duration and short-term facilities with a maximum 6-month duration.
National Company for Learning & Education (NCLE) has officially announced the signing of a Sharia-compliant credit facilities agreement with Saudi Awwal Bank. The agreement includes a facilities limit of SAR 230 million, aimed at supporting NCLE's expansion plans through financing asset purchases, construction work, acquisitions, and working capital needs.
Obtained on May 6, 2026, the financing will be divided into long-term facilities with a maximum duration of 7 years, including a two-year grace period, and short-term facilities with a maximum duration of 6 months. In exchange for the financing, NCLE has offered a promissory note for the value of the facilities, as well as a real estate mortgage.
With no related parties involved in the agreement, the signing of this Sharia-compliant credit facility marks a significant milestone for NCLE in its efforts to grow and enhance its presence in the education sector. The funding provided by Saudi Awwal Bank will play a crucial role in supporting NCLE's strategic objectives and future initiatives.
Disclaimer: the above is a summary showing certain market information. KlickAnalytics is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from various resources and more. Communications displaying market prices, data and other information available in this post are meant for purely for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.