Large Turnout at Alinma Display at Jeddah Real Estate Exhibition

Alinma Bank saw strong participant turnout at its display at the Jeddah International Real Estate, Housing and Financing Exhibition (JIREX), which ran from March 1 – 5, 2010 at the Jeddah Center for Exhibitions and Conferences. The bank received positive feedback and comments regarding its Shariah-compliant home and real estate financing service offerings. The event attracted more than 50 real estate, investment and development companies.

Speaking about the bank’s success at the event, Mr. Fahad Bin Mohammad Al-Semari, General Manager of Retail Banking at Alinma, said the that bank was pleased with the interest shown in its services. "We are delighted with the heavy turnout and the large number of inquiries about Alinma’s services as well as people’s genuine desire to benefit from them,” said Al-Semari. “The bank is always eager to participate in such events as they allow us to reach out to our partners and to provide them with the best services in the most convenient ways."

Of special interest to participants, was Alinma’s offer of a competitive profit margin for its financing services. In particular, for the duration of the exhibition, the bank offered a fixed profit margin on 15-year financing with no down payment and no administrative fees. A variety of property purchase options were also made available to partners (villa, apartment or land).

Alinma continues to offer competitive real estate financing to its partners; and for the first time in the Saudi market, both Saudis and non-Saudis can actualize their dream of home ownership by financing real estate through Alinma for a period of up to 25 year and for amounts up to SAR 5 million. Additionally, no down payment will be required for partners who apply for real estate financing before March 31, 2010. Partners can inquire about real estate financing at any of the bank’s branches throughout Saudi Arabia or through the bank’s e-channels.

These most recent financing offers are part of Alinma’s ongoing real estate financing campaign, which encourages partners under the slogan “invest your money in your home.”