BRIEF-Amlak International Signs Agreement To Sell Consumer Finance Portfolio To Saudi National Bank

AMLAK
SNB

AMLAK

1182.SA

0.00

SNB

1180.SA

0.00

July 1 (Reuters) - AMLAK INTERNATIONAL FINANCE 1182.SE:

  • AMLAK INTERNATIONAL - SIGNS AGREEMENT TO SELL CONSUMER FINANCE PORTFOLIO TO SAUDI NATIONAL BANK

  • AMLAK INTERNATIONAL - DEAL VALUE SAR 133.7 MILLION

  • AMLAK INTERNATIONAL - CO HAS RIGHT TO SELL ADDITIONAL CONSUMER FINANCE CONTRACTS TO SNB UP TO MAXIMUM AGGREGATE AMOUNT OF SAR 500 MILLION

  • AMLAK INTERNATIONAL - AGREEMENT IS PART OF CO'S ONGOING EFFORTS TO STRENGTHEN ITS LIQUIDITY POSITION, DIVERSIFY ITS FUNDING SOURCES

  • AMLAK INTERNATIONAL - POSITIVE FINANCIAL IMPACT OF THIS TRANSACTION TO BE REFLECTED IN ITS FINANCIAL RESULTS FOR Q2 2026

Source text: ID:nSSE7vly1f

Further company coverage: 1182.SE


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