Amwal Finance has announced that it has entered into an agreement with a financial institution regulated by the laws of the Central Bank of the UAE, to partially sell its financing contracts at an initial purchase price of approximately 93 million dirhams. This agreement is a significant step for the company, as it allows it to optimize its balance sheet and free up capital for new investment opportunities. The financial institution that purchased the contracts expects to receive a steady income from loan repayments. This deal highlights the market's trust in Amwal Finance's strategy and management.
