On July 1, 2026, Amlak International Finance Company announced the signing of a Consumer Finance Contracts Portfolio Sale Agreement with the Saudi National Bank (SNB) for SAR 133,667,703, executed on June 30, 2026. The agreement also grants Amlak the right to sell additional consumer finance contracts to SNB up to a maximum aggregate amount of SAR 500,000,000, subject to the agreement's terms and conditions. This transaction is part of Amlak's strategy to strengthen its liquidity position and diversify funding sources, with proceeds supporting the company's operations and ordinary business activities. The company expects the positive financial impact to be reflected in its second quarter 2026 financial results.

Original announcement:

Important 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.