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Alinma Bank to Participate at 8th Real Estate and Housing Exhibition in Dammam

Alinma Bank to Participate at 8th Real Estate and Housing Exhibition in Dammam

26 Dhul-Hijjah 1432 H - 22 November 2011 G

Alinma Bank will participate at the 8th Real Estate and Housing Exhibition, which will be held in the city of Dammam at the Dhahran International Exhibition Center (on the Dammam-Khobar Coastal Road), November 27-30, 2011. The exhibition brings together major real estate companies, engineering firms and lenders and represents an opportunity for direct communication with the largest gathering of institutions and authorities related to real estate.

Alinma’s participation at the Dammam exhibition stems from its concern for and interest in these events, which are important for those interested in the real estate sector and others searching for the latest and best financing tools to purchase property. It is expected that Alinma’s display at the event will witness a strong turnout of visitors, similar to the bank’s participation at previous events. Alinma will offer a wide range of Shariah-compliant financing services and solutions, as well as special offers on real estate and personal financing with competitive profit margins.

In particular, Alinma will offer its partners (clients) financing services without down payments or administrative fees along with a range of competitive profit margins and repayment terms (e.g. 15 years at a fixed profit margin vs. two or five years at a variable profit margin). Additionally, no guarantor will be required. Offers will be available to both Saudis and expatriates; and joint financing between non-familial parties, which was introduced by Alinma Bank for the first time in Saudi Arabia, will also be available.

It is worth mentioning that Alinma Bank recently launched its Al-Rakah branch in the city of Al-Khobar as part of its ongoing effort to expand its branch network across the Kingdom and to extend its Shariah-compliant products and services to as many people as possible. Currently, Alinma has 63 branches for men and ladies throughout the Kingdom. Additionally, the bank also provides its partners with a range of around-the-clock, electronic services, including Alinma Internet (www.alinma.com), Alinma Mobile, Alinma Phone (8001208000) and a kingdom-wide network of more than 365 ATMs.

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