Logo of Amlak International Finance Co.
Amlak International Finance Co. renewed a Shariah-compliant credit facility agreement with Saudi Investment Bank (SAIB) worth SAR 1.06 billion. 
In a statement on Tadawul, the company said the facility extends until Jan. 8, 2028, and aims to support its operations and enhance its capacity to finance customers.
The guarantees include the assignment of receivables to SAIB and a promissory note in its favor.
SAIB, a major shareholder, holds a direct interest in the agreement, while several board and executive members have indirect interests through their positions at the bank or its subsidiaries.
Amlak added that the agreement was concluded under normal business terms without any preferential conditions.
Logo of Amlak International Finance Co.
Amlak International Finance Co. renewed a Shariah-compliant credit facility agreement with Saudi Investment Bank (SAIB) worth SAR 1.06 billion.
In a statement on Tadawul, the company said the facility extends until Jan. 8, 2028, and aims to support its operations and enhance its capacity to finance customers.
The guarantees include the assignment of receivables to SAIB and a promissory note in its favor.
SAIB, a major shareholder, holds a direct interest in the agreement, while several board and executive members have indirect interests through their positions at the bank or its subsidiaries.
Amlak added that the agreement was concluded under normal business terms without any preferential conditions.
