Latest news with #AcademyofLearning
Argaam
2 days ago
- Business
- Argaam
AOL obtains SAR 11M credit facilities from Alinma Bank
Academy of Learning says credit facilities from Alinma Bank span 5 years Academy of Learning Co. (AOL) obtained Shariah-compliant credit facilities from Alinma Bank, valued at SAR 11 million. The company said in a statement on Tadawul that the financing was obtained on Aug. 19, 2025, and extends for a period of five years. The amount is covered by a guarantee pursuant to a fine and solidarity bond declaration from the Chairman, in addition to a promissory note. The company aims to use these facilities for expansion and to increase its revenue in the coming period, in line with its strategy and plans, the statement added. AOL further clarified that there are no related parties.
Zawya
06-05-2025
- Business
- Zawya
Saudi: Academy of Learning inks $6.13mln framework deal with SEU
Riyadh - Academy of Learning Company has penned a comprehensive three-year framework agreement with the Research and Studies Institute at the Saudi Electronic University (SEU institute). The deal has an estimated value of SAR 23 million including VAT and aims to deliver a range of academic and training services, according to a filing on Tadawul. Academy of Learning and the SEU institute signed the inclusive framework agreement on 22 April 2025. The agreement is expected to positively impact the company's financial performance starting from the second half (H2) of 2025. It is worth noting that Academy of Learning is currently part of a five-year SAR 6 million cooperation agreement with Bunyan Training Company. Source: Mubasher
