Amlak International" Signing an agreement with the National Bank of Saudi Arabia to sell a consumer financing portfolio worth 133.66 million riyals
Amlak International Finance Company announced the signing of an agreement with the National Bank of Saudi Arabia to sell a portfolio of consumer financing contracts worth 133,667,703 Saudi riyals, in addition to providing management services for the contracts sold, on Muharram 15, 1448 AH, corresponding to June 30, 2026.
The agreement gives the company the right to sell additional portfolios of consumer financing contracts to the National Bank of Saudi Arabia, in accordance with the agreed upon terms and conditions. On it, with a total value of up to 500 million Saudi riyals, which enhances the company’s flexibility in managing its assets and diversifying its sources of financing.
The professor said "Adnan Al-Shubaili" CEO of Amlak International Finance: This agreement represents an important step in the company’s efforts to enhance its financial flexibility and diversify funding sources. It also supports our plans for growth and expansion through more efficient management of financing portfolios, enabling us to continue providing innovative financing solutions that meet the needs of our customers."
This agreement falls within Amlak’s global strategy to enhance liquidity and support sustainable growth, as the proceeds resulting from the sale operations will be directed to support the company’s business and operational activities, thus contributing to enhancing its ability to expand and continuing to provide innovative financing solutions to its customers.
The positive financial impact of this agreement is expected to be reflected in the company’s financial results during the second quarter of 2026, in light of the value of the deal and the support it represents for the company’s strategy in managing liquidity. And diversifying funding sources.
The company confirmed that the agreement was concluded in accordance with the provisions of Islamic Sharia and the relevant regulations and instructions, with the absence of any related parties in the deal. Amlak International Finance is one of the financing companies licensed and subject to the supervision of the Central Bank of Saudi Arabia, and it provides digital financing solutions for individuals, in addition to financing solutions for small and medium enterprises and real estate financing, in line with the needs of various customer segments.
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