Amlak International for Financing is a public joint stock company listed on the Saudi Exchange (Tadawul). It is recognized as the first financing company licensed by the Saudi Central Bank (SAMA) to operate in the Kingdom of Saudi Arabia.
The company specializes in providing financing solutions for both individuals and companies, fully aligned with Islamic Sharia principles and supervised by a Sharia Supervisory Board. With its headquarters in Riyadh City, the company has a paid-up capital of SAR906 million.
Amlak shares are traded on Tadawul’s main market within the financial services sector under the name Amlak, with the symbol (1182) and ISIN (SA153G80IF11).
Establishment
Amlak International for Financing was established on June 11, 2007. It is registered in Saudi Arabia under Commercial Registration No. 1010234356 dated June 13, 2007, based on the Ministerial Resolution No. 132/S issued on the same date.
The company obtained its SAMA license No. 2/PU/201312 on December 24, 2013, marking it as the first licensed entity to provide financing solutions in the Kingdom.
Headquartered in Riyadh, Amlak also operates through branches in Jeddah and al-Khobar, extending its services to a wide client base.
Shareholding and Founders
The main partners and founders of Amlak International include:
- The Saudi Investment Bank
- Amlak Finance (United Arab Emirates)
- Dallah Albaraka Holding Company
These founding entities played a pivotal role in establishing Amlak as a pioneering financing company within the Kingdom.
Initial Public Offering
On December 25, 2019, the Capital Market Authority (CMA) approved Amlak’s request to register and offer its shares for public subscription.
The IPO included 27,180,000 shares, representing 30% of the company’s shares. Following the IPO, Amlak was listed on the Saudi Exchange on July 13, 2020, marking a major milestone in its growth and expansion.
Strategic Role
Through its comprehensive and Sharia-compliant financing solutions, Amlak International for Financing has become a central player in Saudi Arabia’s financial services sector. The company continues to support Vision 2030 goals by enabling access to financing, supporting the private sector, and fostering economic diversification.
