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SNAX and Al Rajhi Bank sign an agreement to install ATM machines at SNAX branches

The first phase of this partnership will entail the installation of five Al Rajhi Bank ATM machines in key locations within the capital city of Amman, servicing five of the ten existing SNAX branches.

Amman, Jordan - SNAX, the popular chain of convenience stores operated by Al-Mashrabia Trading Co., has signed an agreement with Al Rajhi , the leading International Sharia compliant bank to install ATM machines at a number of SNAX branches located throughout the capital.

The initial phase of execution is already underway with five branches located in Um Al-Summaq, Shmeisani, Park Plaza - Sweifyeh, Airport Road and near University of Jordan to receive ATM services from Al Rajhi Bank .

The agreement gives the trading group an opportunity to provide an integrated shopping experience. With the introduction of this new service, SNAX customers will have the opportunity to take full advantage of all the levels of convenience that the ATM machines from Al Rajhi Bank will provide, complementing the 24/7 services that SNAX provides its customers when shopping for their daily needs.

Commenting on the agreement, Hazim Al-Sarraf, CEO of SNAX said: "We are pleased to embark on a long term partnership with Al Rajhi Bank , an internationally-renowned financial institution that enjoys a prestigious position in the world of banking. SNAX continuously strives to deliver a greater level of convenience and service to our customers, building on successful accomplishments to date".

Tarek Akel, CEO of Al Rajhi Bank in Jordan said: "At Al Rajhi Bank , we understand the importance of delivering efficient and convenient services to our clients. We are confident that this partnership will present an added value, with both sides looking to provide the best around the clock services to all customers".

Plans to install further Al Rajhi Bank ATM machines in other branches are a priority for SNAX, whose vision for 2012 is strategic expansion across the Kingdom.

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About Al Rajhi Bank
Established in 1957, Al Rajhi is the leading International sharia compliant banking group based in the Middle East with total assets of around USD 46 billion and a paid up capital of USD 4 billion. With over 50 years of experience in banking and trading activities, Al Rajhi has continually developed products and services that meet the various needs of its clients. In addition to its revolutionary personal financing package, the bank is also offering a variety of essential banking products, including current, savings and investment accounts, car and home financing solutions, card solutions, e-banking services, and others. Today, the bank's Saudi network alone boasts 500 branches, more than 2,500 ATM's, 18,000 POS terminals installed with merchants, not to mention the largest customer base in the country. In addition to Jordan, the bank is currently present in Kuwait and Malaysia.

Over the years, Al Rajhi has garnered numerous awards from various independent institutions around the world, including Euromoney, Arabian Business, Global Finance and The Asian Banker.

About SNAX Jordan:
SNAX, established in 2009, is a chain of convenience stores owned by Mashrabia Trading Co. SNAX currently operates 10 outlets throughout the kingdom with future plans to expand throughout the Kingdom and Regionally. SNAX provides on-the-go customers with all the basic necessities to meet their daily needs in addition to household products and food at all times of the day. A comfortable, fresh and clean atmosphere aiming to continuously provide consistency, impeccable service, great value for money and 24 hours a day, 7 days a week service is what SNAX is all about! For more information on SNAX please visit www.snax.com.co

© Press Release 2012