The buyer is Saudi National Bank (SNB).

When will the financial impact of the deal be reflected?

Amlak expects the positive financial impact to appear in its second quarter 2026 results.

What is the purpose of this deal?

The deal aims to strengthen Amlak's liquidity and diversify its funding sources.

Amlak Sells SAR 134M Consumer Finance Portfolio to SNB

Amlak International for Real Estate Finance (1182) signed an agreement to sell a consumer finance portfolio to Saudi National Bank (SNB) for SAR 133.7 million, with an option to sell additional contracts up to SAR 500 million. The deal aims to strengthen liquidity and diversify funding sources.

July 1, 2026

2 min read

Source: Saudi Exchange via Sahm Platform

Key Numbers

sale value

133.7M SAR

maximum additional

500M SAR

Amlak International for Real Estate Finance Company (1182) announced the signing of a Consumer Finance Contracts Portfolio Sale Agreement with Saudi National Bank (SNB) for SAR 133,667,703, executed on June 30, 2026. The agreement grants Amlak the right to sell additional consumer finance contracts to SNB up to a maximum of SAR 500 million, subject to the terms and conditions.

Deal Details

Initial Value: SAR 133.7 million
Maximum Additional: SAR 500 million
Signing Date: July 1, 2026
Execution Date: June 30, 2026
Buyer: Saudi National Bank (SNB)

Rationale

This transaction is part of Amlak's strategy to strengthen its liquidity position and diversify funding sources. Proceeds are expected to support the company's operations and ordinary business activities.

Financial Impact

The company expects the positive financial impact to be reflected in its second quarter 2026 results.

What This Means for Investors

The deal reflects improved liquidity management and proactive portfolio optimization by Amlak, potentially boosting investor confidence in the company's financial stability.

Frequently Asked Questions

The initial sale value is SAR 133.7 million, with an option to sell additional contracts up to SAR 500 million.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.