IslamicFinance.de

Bank Albilad has entered into agreement with Waad Holding Company to finance the construction of the company’s academy schools project in Jeddah city. Amounting to SR 150 million, the project represents one of largest deals in the sector. The agreement has been signed by Mr. Saleh bin Suleiman Alhabeeb, the bank’s Director General of Banking for Corporate Sector and Dr. Ahmed bin Hassan Aljazaeiri, the CEO of Waad Holding Company, owner of Waad Academy Schools. Waad Academy Schools are one of Waad Holding Company branches. They offer specialized educational programs for students (boys and girls) ranging from grade 1 primary up to grade 3 secondary. The opening of the academy is scheduled to take place in the middle of the current 2015 year.