Amlak International renews $230.53mln loan deal with Saudi Investment Bank

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The Sharia-compliant loan will be used to facilitate the company's business and increase its ability to finance clients

Staff Writer, Mubasher

April 22, 2024

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Riyadh – Amlak International Finance Company has renewed the SAR 864.50 million one-year credit facility agreement with the Saudi Investment Bank (SAIB).

The Sharia-compliant loan will be used to facilitate the company's business and increase its ability to finance clients, according to a bourse filing.

The funding was obtained on 21 April 2024.

Amlak International Finance registered a 67.12% year-on-year (YoY) decline in net profit to SAR 31.80 million in 2023 from SAR 96.72 million.

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