Bank Albilad Establishes Dufaa Finance Consumer Lending Subsidiary

ALBILAD

ALBILAD

1140.SA

0.00

On April 29, 2026, Bank Albilad announced the establishment of a wholly owned subsidiary named "Dufaa Finance Company," a Saudi closed joint stock company registered in Saudi Arabia. The subsidiary has obtained a license from the Saudi Central Bank to provide consumer financing activities as part of the Bank's strategy to enhance its financing operations. The establishment is not expected to have an immediate material financial impact on the Bank's financial statements.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94757&anCat=1&cs=1140&locale=ar

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