Amlak shareholders OK contracts, business with SAIB

23/06/2025 Argaam
Logo of Amlak International Finance Co.

Logo of Amlak International Finance Co.

Amlak International Finance Co.’s shareholders approved, during the ordinary general meeting held on June 22, the businesses and contracts conducted with The Saudi Investment Bank (SAIB) for the year ended Dec. 31, 2024, comprising of SAR 847.14 million bank facilities.

 

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In a statement to Tadawul, the company said that the contracts included indirect interest for board members Majed Fakeeh and Khalid Al Rayes (CEO of Alistithmar Capital which is 100% owned by SAIB).

 

Meanwhile, shareholders approved absolving board members from liabilities for 2024.

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