RIYADH, July 1, 2026 – Baker Botts L.L.P., a leading international energy, technology, and life sciences law firm, has advised Amlak International Finance Company (“Amlak”) on a Shariah-compliant transaction involving the sale of a portfolio of consumer finance contracts to Saudi National Bank (“SNB”), with an initial value of SAR 133.7 million, together with a related servicing arrangement.

As part of Amlak’s ongoing efforts to strengthen its liquidity position and diversify its funding sources, the agreement also establishes a framework for the potential sale of additional consumer finance contracts by Amlak to SNB, subject to agreed terms and conditions, up to an aggregate amount of SAR 500 million.

The transaction establishes a framework for ongoing portfolio sales between Amlak and SNB, providing a repeatable mechanism for Amlak to monetize consumer finance assets and access liquidity over time.

The Baker Botts team advising on the transaction was led by partner and Global Head of Islamic Finance Faris Al Amoudi, with associate Omar Alsughaiyer in Riyadh.

This transaction forms part of a broader range of major Shariah-compliant financing and asset monetization transactions on which Baker Botts’ Islamic Finance team advises across the Kingdom, the Middle East and globally.

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