Amlak International signs agreement with Saudi National Bank to sell consumer finance portfolio worth SAR 133.66 million

2026-07-02T15:07:28.053Z

Amlak International for Finance announced the signing of an agreement with Saudi National Bank to sell a portfolio of consumer finance contracts worth SAR 133.67 million, with the right to sell additional portfolios up to SAR 500 million, in a deal aimed at enhancing liquidity and diversifying funding sources, with its positive financial impact expected to appear in the second quarter of 2026.

Amlak International for Finance signed an agreement with Saudi National Bank to sell a portfolio of consumer finance contracts worth SAR 133,667,703, along with providing management services for the sold contracts, on 15 Muharram 1448 AH corresponding to June 30, 2026.

The agreement grants the company the right to sell additional portfolios of consumer finance contracts to Saudi National Bank under agreed terms and conditions, with a total value of up to SAR 500 million, enhancing its flexibility in asset management and diversification of funding sources.

Adnan Al Shubaili, CEO of Amlak International for Finance, said that the agreement represents an important step to enhance the company's financial flexibility and diversify its funding sources, pointing out that it supports growth and expansion plans through more efficient management of finance portfolios.

This agreement falls within Amlak International's strategy to enhance liquidity and support sustainable growth, as the proceeds from the sale operations will be directed to support the company's business and operational activities.

The positive financial impact of this agreement is expected to reflect on the company's financial results during the second quarter of 2026.

The company affirmed that the agreement was concluded in accordance with Islamic Sharia provisions and relevant regulations and instructions, with no related parties in the transaction. Amlak International for Finance is a licensed finance company under the supervision of the Saudi Central Bank, offering digital financing solutions for individuals, as well as financing for small and medium enterprises and real estate financing.