Amlak International obtains license to conduct additional financing activities

Amlak International for Real Estate Finance Company announced on Wednesday that it obtained the approval of the Saudi Central Bank on 10/18/2022 to amend its license to include the following financing activities: real estate financing, financing small and medium enterprises activity, and consumer financing.
The company will start the procedures for amending the company’s articles of association to present it to the extraordinary general assembly and amending the company’s commercial register.
This step is part of the company’s strategy to develop its activities and products in support of small and medium enterprises projects in line with the vision of the Kingdom of Saudi Arabia 2030, and the company expects a positive impact on this in the medium and long term.