Customers and merchants both benefit from faster transactions
Riyadh, June 2003. Amex (Saudi Arabia) Limited has announced that American Express Cards are now accepted at point-of-sale terminals in many establishments throughout the Kingdom, including shops, supermarkets, restaurants and hospitals.
“The old manual form of transaction, which involves hand-written entries, is gradually being replaced throughout the Kingdom. Today, transactions are easier, faster and more accurate with just a swipe of the card through an electronic point-of-sale terminal,” said Fahad Al Guthami, Head of Sales and Merchant Marketing of Amex (Saudi Arabia) Limited. “American Express Cardmembers benefit from less waiting time and easy-to-read receipts, while merchants receive direct settlement into their bank account.”
Retail outlets that electronically process American Express Cards include all shops and boutiques of Rubaiyat, more than 450 Al Hokair shops and boutiques, Al Hama boutiques, Abdullah Al Sayed men’s, women’s and children’s shops, Gazzaz, Anwal United Trading Company shops, Bugshan Perfumes, Boutique Nadia in Jeddah, and Saudi House stores in Riyadh and Al-Khobar. Jewellers include Al Romaizan Gold Shops and Al Kamees Jewellery in Riyadh.
Supermarkets with electronic point-of-sale terminals at checkouts include Danube, Giant Stores, Sawary Superstores, Watani Superstores, and 132 branches of Meed Markets across the Kingdom. Restaurants include the Pizza Hut in Riyadh and Al-Khobar. American Express Cards are electronically processed at 120 branches of Al Tayyar Travel, and at a number of hospitals including Al Mishari Hospital in Riyadh, Dr. Baksh.
Hospital in Jeddah and G.N.P. Hospital in Jeddah. These are a few examples of the many merchants that already accept American Express Cards electronically, while the number increases daily as Amex (Saudi Arabia) Limited works with participating banks to convert more of their terminals.
Amex (Saudi Arabia) Limited was established in 1999, with headquarters in Riyadh, to ensure that American Express is strategically positioned to provide products and services that meet the needs of customers and merchants in the Kingdom. Amex (Saudi Arabia) Limited is a highly customer-focused organization that constantly monitors and responds to changes in demands, and brings to Saudi Arabia the same innovative spirit and dedication to service that are the hallmarks of the American Express brand worldwide.
-Ends-
Note to Editor:
Amex (Saudi Arabia) Limited was established in 1999 as a joint venture company equally owned by Amex (Middle East) E.C. and the Saudi Investment Bank. It owns and operates the American Express Card and Merchant business in Saudi Arabia. The Saudi Investment Bank is a Saudi Arabian joint stock company established in 1976. Amex (Middle East) E.C. is a Bahrain joint venture company equally owned by Mawarid Holding Company and the American Express Company.
For further information please contact:
Ahmed Al Hassani
Media Manager
SACCS - Jeddah
Tel: (+9662) 6632525
Fax: (+9662) 6601874
Email: ahmed@saccs.com
Nabil Abou Alwan
Head of Marketing
Amex (Saudi Arabia) Limited
Tel: (+9661) 474 9004
Fax: (+9661) 472 1844
Email: nabil.aboualwan@americanexpress.com.sa
© Press Release 2003
