Riyadh - Mubasher: Amlak International Finance Company renewed its Sharia-compliant facility agreement with Saudi Investment Bank (SAIB) at a value of SAR 1.06 billion on 14 May 2026.
The loan is secured by an assignment of receivables as well as a promissory note in favor of the bank, according to a bourse filing.
Valid until 1 August 2028, the investment will finance the company's business and expand its services for clients.
In the first quarter (Q1) of 2026, Amlak International generated net profits attributable to the shareholders amounting to SAR 15.81 million.
Meanwhile, SAIB posted 3.23% year-on-year (YoY) higher net profits at SAR 519.60 million in Q1-26.
