Amlak International Finance Company announces the signing of an agreement to sell a consumer finance contracts portfolio to the Saudi National Bank (SNB)

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Announcement Detail	Amlak International Finance Company announces that it has signed a Consumer Finance Contracts Portfolio Sale Agreement and a Servicing Agreement for the sold contracts with the Saudi National Bank (SNB) for an amount of SAR 133,667,703, on 15/01/1448H, corresponding to 30/06/2026G. Under the agreement, the Company has the right to sell additional consumer finance contracts to SNB, subject to the terms and conditions of the agreement, up to a maximum aggregate amount of SAR 500,000,000. This agreement is part of the Company's ongoing efforts to strengthen its liquidity position and diversify its funding sources. The proceeds from the portfolio sales will be used to support the Company's operations and ordinary business activities. The Company expects the positive financial impact of this transaction to be reflected in its financial results for the second quarter of 2026. The Company also confirms that the agreement has been executed in compliance with the principles of Islamic Sharia and all applicable laws and regulations, and that no related parties are involved in this transaction.

Element List

Explanation

Announcement Detail

Amlak International Finance Company announces that it has signed a Consumer Finance Contracts Portfolio Sale Agreement and a Servicing Agreement for the sold contracts with the Saudi National Bank (SNB) for an amount of SAR 133,667,703, on 15/01/1448H, corresponding to 30/06/2026G.

Under the agreement, the Company has the right to sell additional consumer finance contracts to SNB, subject to the terms and conditions of the agreement, up to a maximum aggregate amount of SAR 500,000,000.

This agreement is part of the Company's ongoing efforts to strengthen its liquidity position and diversify its funding sources. The proceeds from the portfolio sales will be used to support the Company's operations and ordinary business activities.

The Company expects the positive financial impact of this transaction to be reflected in its financial results for the second quarter of 2026.

The Company also confirms that the agreement has been executed in compliance with the principles of Islamic Sharia and all applicable laws and regulations, and that no related parties are involved in this transaction.