Saudi edtech Academy of Learning adds $6.37M Alinma facility to expansion push
What's the deal? Academy of LearningDealroom has a profile for this one. Try Dealroom →, a Saudi education company, has secured a SAR 24 million (roughly $6.37 million) Shariah-compliant credit facility from Alinma BankDealroom has a profile for this one. Try Dealroom →. The company said on October 22, 2026 that the financing will support expansion and boost revenue.
How it's structured: The facility is backed by a joint and several guarantee for payment and performance from the chairman of the board, plus a promissory note issued by the company in favour of the bank.
Why now? The facility marks a quick re-raise. Academy of Learning drew SAR 15 million from Alinma in May 2025, then secured about SAR 114 million from Riyad BankDealroom has a profile for this one. Try Dealroom → in April 2026 for future projects.
What's the endgame? The debt adds another financing line for the company's growth plans, in line with its stated strategy. The announcement does not name a specific project or valuation.
By the numbers: Academy of Learning is borrowing against solid growth. In the year ended June 2026, revenue rose 33.5% to SAR 235.5 million and net profit grew 20.4% to SAR 40.7 million on a like-for-like 12-month basis.
The signal: The round is modest against the company's recent borrowing, but it reflects a steady appetite for debt to fund expansion in Saudi Arabia's education sector — and a deepening relationship with Alinma Bank as a repeat lender.
Read more: maaal.com
Image credit: dcJohn
