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News Power hour 2021

Power Hour 2021: Abdullah Al Sudairy, CEO at Amlak International , Ranks 42th


Abdullah Al Sudairy, CEO at Amlak International since 2007, has brought about a great deal of change in the company. During his time, the real estate finance company has boosted their technological advantages to streamline technology platform, which allows Amlak to quickly approve and disburse lending products without compromising on strict risk management processes and high credit quality criteria.

 

In 2019, Amlak International achieved revenue of SAR 296 million, and earnings before tax (“EBT”) of SAR 102 million at a highly competitive margin of 34.4%. In Q1 2020, the company’s revenue was SAR 75 million and EBT of SAR 33 million, at a very strong margin of 44%.

 

Abdullah told CBNME: “At Amlak, we have proved that we have the agility, the systems and the people to serve each of those priorities. Looking ahead, we will remain flexible in the industries that we lend to, taking advantage of new economic trends while mitigating the risk of exposure to sectors that may experience long-term stress.”