Alinma Bank signed a cooperation agreement with Daleel-alemar Co. to provide financial solutions and fund partners interested in owning villas in the Company's residential project located in Ma'azar district in Riyadh through its Sharia'h-compliant products.
The project includes 130 residential units and targets middle and high-income earners including businessmen and executives.
The signing ceremony took place at the head office of Alinma Bank in Riyadh on Tuesday, April 9, 2013. In attendance were HRH Prince Abdul Aziz Bin Turkey Al Faisal, the Chairman of the Board of Directors of Daleel-alemar Co. and Mr. Abdulmohsen Al-Fares, the CEO of Alinma Bank, and a number of senior executives from both sides.
The signing of this agreement comes within the framework of Alinma Bank's interest in real estate development projects and its desire to provide financing programs in line with its strategy which aims to promote and facilitate savings and ownership of residential and investment units. This will be offered through long-term and concessional financing solutions, while providing multiple options to enable its partners own adequate housing in accordance with their needs and aspirations.
Alinma Bank offers its Sharia'h-compliant banking services through a network of 91 branches for men and women. Alinma services are also provided through its electronic channels such as Alinma Internet (www.alinma.com), Alinma Mobile, Alinma Phone (8001208000) and Alinma 700 ATMs.