Amlak Renews SAR 1.065 Billion Credit Facility
AMLAK 1182.SA | 0.00 |
Amlak International Finance Company announced on May 17, 2026 the renewal of a Sharia-compliant credit facilities agreement with Saudi Investment Bank, a related party and substantial shareholder. The financing amount totals 1,064,500,000 SAR, obtained on May 14, 2026, with a duration extending until January 8, 2028. The facility is secured by assignment of receivables and promissory notes in favor of the bank, aimed at facilitating the company's business operations and enhancing its ability to finance clients. The company confirmed no preferential treatment was given in this agreement within its usual business activities.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95440&anCat=1&cs=1182&locale=arImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.
