On May 7, 2026, National Company for Learning & Education (NCLE) announced the signing of a Sharia-compliant credit facilities agreement with Saudi Awwal Bank, with a total facility limit of SAR 230 million obtained on May 6, 2026. The financing includes 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. The facilities are secured by a promissory note and real estate mortgage, and will support NCLE's expansion plans through financing asset purchases, construction work, acquisitions, and working capital requirements.

Original announcement:

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