18 Car Brands, 11 Cities, One Roof 07 August-2007 Riyadh, Saudi Arabia: For the seventh consecutive month, Al-Rajhi bank re-launches "Car Express" festival joining 18 car brands in 11 main cities in the Kingdom. The Periodic festival comes from the Bank to welcome all individuals and families, locals and expatriates in all main Saudi cities of Riyadh, Jeddah, Dammam, Al-Hassa, Al-Qassim, Tabuk, Medina, Abha, Hafr al-Batin, Jizan and Najran to visit Al-Rajhi's showrooms combining the biggest car agents under one roof over a period of six days starting from 7 Rajab 1428, 11 August 2007.
Aimed at increasingly facilitating car ownership, Al-Rajhi bank's "Car Express" festival returns after a significant success last month with even further benefits and more attractive offers including free of charge car insurance and free road service membership plus free extended warranty from all car agents. This in addition to exclusive facilities and special offers reserved for Al-Rajhi Bank customers.
The event which is a joint-initiative with all car dealers to bring all popular cars under one roof, has succeeded in attracting the largest number of customers in the Kingdom who are looking for easy car financing in addition to convenience which stands out in offering customers the unique advantage of one place & time to make an informed purchase decision, apply for Al-Rajhi auto finance program, get approval on the spot & buy the car of wish all at once.
The Executive Vice-President of Al-Rajhi Bank Mr. Saeed al-Ghamdi said "This proactive step is a continuation of what was started 6 months ago as the first of its kind whereby the Bank focuses on interacting with consumers and meeting rising needs for facilitating car purchasing process with more ease and comfort, month-after-month. Al-Rajhi Bank makes it most convenient for car buyers by grouping prominent brands and dealerships at one place and time and presenting the best deals & facilities under one roof while providing distinctive service, where for the first time in the Kingdom, the process of obtaining the finances for a new car can be completed so simply in just 30 minutes".
Al Ghamdi added "the car financing solutions offered in the event are also Shariah-compliant. The customers can avail loan for period up to five years. Salary transfer to Al Rajhi Bank is not mandatory. Applications are accepted at a starting salary of SR 1,500. This program is available to both Saudi nationals and residents in the Kingdom. Thanks to the huge success, Al Rajhi Bank is currently presenting 'Car Express' at more of the bank branches ".
Al Rajhi Bank is in the forefront to provide various innovative financial solutions such as shares installments through "Watani" program. This program provides customer the opportunity to possess shares of companies, and pay back in flexible installments. The Bank is partnering with the leading automotive companies to provide best benefits through its leasing program, including extended warrantees, maintenance and repair services.
Al Rajhi Bank comes in the forefront in providing various innovative financial solutions such as shares installments through "Watani" program. This program provides customer the opportunity to possess shares of companies, and pay back in flexible installments. The Bank is partnering with the leading automotive companies to provide best benefits through its leasing program, including extended warrantees, maintenance and repair services.
© Press Release 2007