The agreement covers the sale of a SAR 133.6 million consumer finance portfolio as part of the Company’s strategy to diversify its funding sources and support growth.

Amlak International Finance Company has signed an agreement with Saudi National Bank (SNB) to sell a portfolio of consumer finance contracts valued at SAR 133.6 million. Under the agreement, Amlak will also continue to provide servicing for the sold contracts.

The agreement grants Amlak the option to sell additional consumer finance portfolios with a total value of up to SAR 500 million. This supports the Company’s strategy to diversify its funding sources, enhance its financial flexibility and advance its growth plans.

The agreement forms part of Amlak International’s ongoing efforts to develop its business and strengthen operational efficiency through strategic partnerships that support sustainable growth and contribute to the objectives of Saudi Vision 2030.