Amlak expects the transaction to positively impact its Q2 2026 financials.
Amlak International Finance Co.signed, on June 30, consumer finance contracts portfolio sale and servicing agreements worth SAR 133.67 million with Saudi National Bank(SNB). 
In a statement to Tadawul, the company said the agreement also allows it to sell up to SAR 500 million in additional consumer finance contracts, subject to stipulated terms and conditions.
Amlak said the agreement is part of its efforts to strengthen its liquidity position and diversify its funding sources, adding that the proceeds from the sales will support its ordinary business and activities.
The company expects the transaction to positively impact its Q2 2026 financials.
The agreement complies with Shariah principles and all applicable laws and regulations.
There are no related parties to the transaction, the statement added.
Amlak expects the transaction to positively impact its Q2 2026 financials.
Amlak International Finance Co.signed, on June 30, consumer finance contracts portfolio sale and servicing agreements worth SAR 133.67 million with Saudi National Bank(SNB).
In a statement to Tadawul, the company said the agreement also allows it to sell up to SAR 500 million in additional consumer finance contracts, subject to stipulated terms and conditions.
Amlak said the agreement is part of its efforts to strengthen its liquidity position and diversify its funding sources, adding that the proceeds from the sales will support its ordinary business and activities.
The company expects the transaction to positively impact its Q2 2026 financials.
The agreement complies with Shariah principles and all applicable laws and regulations.
There are no related parties to the transaction, the statement added.
