Amlak signs SAR 250M credit deal with Emirates NBD Saudi Arabia

27/08/2025 Argaam
Amlak, Emirates NBD Saudi Arabia sign agreement with to boost client financing

Amlak, Emirates NBD Saudi Arabia sign agreement with to boost client financing

Amlak International Finance Co. signed on Aug. 26 a Shariah-compliant credit facility agreement with Emirates NBD – Saudi Arabia valued at SAR 250 million.

 

In a statement on Tadawul, the company said the four-year facility is secured by an assignment of receivables to the bank and a promissory note in its favor.

 

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Amlak noted that the financing aims to support its operations and enhance its ability to fund clients.

 

The company also disclosed an indirect interest for board member Naser Yousef Al Marzooqi, who serves as CEO of Emirates NBD Saudi Arabia.

 

The agreement falls within the ordinary course of doing business and does not grant any preferential treatment, it said.

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