Nomu-listed Academy of Learning Company has obtained a Sharia-compliant credit facility worth $30.3 million from Riyad Bank to finance its expansion plans. The facility has a duration of up to six years with a grace period of one year.

The higher education training institute is trading 11.88% lower YTD.

(Writing by Ahmad Mousa; editing by Seban Scaria)

 Ahmad.mousa@lseg.com