Alinma Bank Launches Real Estate Financing Campaign

Alinma Bank has launched a real estate financing campaign that began Monday, May 9, 2011 and will extend through the end of June 2011. The campaign includes Shariah-compliant real estate financing products as well as special offers that are being extended to partners (clients) for the very first time in the Kingdom of Saudi Arabia. The campaign itself is in line with the bank’s mission to fulfill partner needs in a convenient and affordable way.

Mr. Abdulmohsen Al-Fares, the CEO of Alinma Bank, provided details of the campaign’s special offer: no down payments, no guarantors required, no payments for 6 months, up to SAR 7,000,000 in financing, and up to 30 years for repayment. He added that the offer is available for both Saudis and expatriates and that joint financing between non-family relations is also possible. The joint financing component of the offer is a first for Saudi Arabia, he said.

Mr. Al-Fares also characterized the campaign as being a valuable opportunity for partners to avail themselves truly unique financing options and that through such offers, Alinma was executing on its vision of becoming the preferred financial partner for all.

It is worth mentioning that the bank provides its services across 50 kingdom-wide branches for both men and ladies. Additional branches are also under preparation for launch in the near future. Furthermore, Alinma serves its partners through a full range of around-the-clock, electronic banking options that include Alinma Internet (, Alinma Mobile, Alinma Phone (8001208000) and a kingdom-wide network of more than 277 ATMs.