Alinma Bank participates in Riyadh International Motorcars Exhibition 2009

Based on the belief of Alinma Bank’s officials of the importance of providing financing solutions compatible with Sharia’h provisions and controls for all its partners and the necessity of providing competitive solutions and offers that suit the Bank’s partners, Alinma Bank will participate in Riyadh International Motorcars exhibition, which will take place from the 12th to the 16th of December, 2009 in the Exhibition Center in Riyadh.

Dr. Mohammed Bin Abdullah Al Awad, General Manager of Marketing Group, said that the Bank’s participation will allow all its partners to be acquainted with the Bank’s financing services which comply with Sharia’h provisions and controls and are in line with the partners’ needs. Additionally, Alinma financing services reflect its values which are based on innovation, respect and transparency.

Dr. Al Awad noted that the Bank had developed motorcars financing services in a way that keeps pace with the partners’ needs through immediate approval, without administrative fees and with values that may reach up to S.R 2,000,000 with a repayment period of 5 years.

Dr. Awad invited everyone to visit the exhibition and the Bank branches to better identify the terms of obtaining finance and the benefits offered by the Bank to its partners in this respect. He added that the Bank’s branches and online channels provide all information related to financing programs in general and motorcars financing in particular.

It is worth mentioning that the Bank has launched its business at the beginning of the third quarter of the current year and currently offers its services through 21 branches and more than 78 ATMs spread across the major cities of the Kingdom in addition to the online channels which follow the last finding of banking technology. The Bank provides a variety of products and financial services, including the real estate Ijara with subsequent ownership, which will provide the Bank’s partners with the possibility of easily owning the real estate they want and the education installment service, which is offered for the first time in Saudi Arabia. This product allows the beneficiaries to pay the educational fees in installments without any increase, additional charges or administrative fees.