Amlak International for Financing is a public joint stock company listed on the Saudi Exchange (Tadawul). It is the first company licensed by the Saudi Central Bank (SAMA) to operate financing services in the Kingdom of Saudi Arabia. The company offers financing solutions for both individuals and companies, in accordance with the standards and provisions of Islamic Sharia, under the supervision of a Sharia Supervisory Board. Headquartered in Riyadh City, it has a capital of SAR906 million.
Amlak was listed on Tadawul on July 13, 2020. Its shares are traded on the main market within the financial services sector under the name (Amlak) with the symbol (1182) and ISIN (SA153G80IF11).
Establishment of Amlak International for Financing
Amlak International for Financing was established on June 11, 2007. It is headquartered in Riyadh City with a paid-up capital of SAR906 million.
The company is registered in Saudi Arabia under commercial registration number 1010234356 dated June 13, 2007, and the Minister of Commerce and Industry (now the Ministry of Commerce) Resolution number (132/S) dated June 11, 2007. It holds SAMA license number 2/PU/201312 dated December 24, 2013. The company operates through several branches in Riyadh, Jeddah, and al-Khobar.
The main partners and founders of Amlak International include: The Saudi Investment Bank, Amlak Finance (United Arab Emirates), and Dallah Albaraka Holding Company,
Initial public offering of Amlak International for Financing
On December 25, 2019, the Capital Market Authority approved the company's request to register and offer its shares for public subscription. The offering included 27,180,000 shares, representing 30 percent of the company's shares. Its shares were listed on the Saudi Exchange in 2020.
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