The Entrustment and Liquidation Center (Infath) signed a cooperation agreement with Bank Albilad aimed at establishing a framework for collaboration between the two parties to provide financing solutions for eligible participants seeking to purchase real estate assets offered at auctions held under Infath's supervision.

The agreement provides for enhanced coordination and integration of procedures related to real estate financing, facilitating customer eligibility to participate in auctions, developing electronic connectivity channels and information exchange, and strengthening technical integration between the two parties' systems. These efforts aim to streamline procedures related to auction participation and real estate asset purchases, while improving the efficiency of services provided to Infath's beneficiaries.

The agreement also forms part of Infath's ongoing efforts to strengthen integration with relevant entities and enhance the efficiency of sale and liquidation activities, contributing to the faster settlement of rights and the provision of innovative solutions and an integrated experience for beneficiaries in the liquidation sector.