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Alinma Bank Signs Education Financing Agreement with Majmaah University

Alinma Bank Signs Education Financing Agreement with Majmaah University

17 Shawwal 1441 AH H - 09 June 2020 G

Alinma Bank has signed an agreement with Majmaah University that will allow its students to utilize the bank’s Education Financing service to pay for tuition and other school fees.  The service, which does not assess fees or charges, represents yet another way in which Alinma Bank is committed to society.  Students eligible for the service include those in master’s and diploma degree programs.

Speaking about the agreement, H.E. Mr. Ibrahim Al Sayyari, Vice President of Retail Banking at Alinma, said that the bank remained committed to enabling and empowering youth in the kingdom through education, and that by providing such services, Alinma helped mitigate the financial pressures families often experiences when paying for education.

With Alinma’s Education Financing service, the bank pays all fees upfront on behalf of the student, including all fees related to tuition, transportation, and housing.  A convenient monthly installment plan is then put in place with no administrative fees or charges.

In addition to Education Financing and other financing products that meet partner (customer) needs, Alinma Bank also provides a wide range of banking services that bring ease and convenience to its partners’ lives.  These include its broad array of 24/7, self-service banking options, such as Alinma Internet (www.alinma.com), Alinma Phone (8001208000), the Alinma WAP mobile browser interface, and the Alinma smart device application.  Alinma also serves partners through its kingdom-wide network of branches and ATMS, which number 170 and 1500, respectively.

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