alinma Bank, a leading financial institution in the Kingdom of Saudi Arabia, in collaboration with Visa, a global leader in digital payments, and Harrods, the world’s leading luxury department store announced the signing of a Memorandum of Understanding with Harrods to exclusively in preparation for the upcoming launch alinma Harrods Visa Credit Card in KSA.
The co-branded offering is designed to deliver an exceptional blend of convenience, security, and exclusive privileges, setting a new benchmark for premium payment solutions in the Kingdom.
This collaboration brings together, alinma Bank’s premium offerings, Visa’s cutting-edge payment technology, and Harrods’ heritage of luxury providing customers with a seamless and rewarding experience. From effortless transactions to curated lifestyle benefits, the collaboration transforms everyday payments into a premium lifestyle experience.
The alliance reflects alinma Bank’s commitment to investing in innovative payment solutions that combine luxury retail with modern banking experiences. It empowers customers to enjoy exceptional privileges and rewards, elevating their shopping experiences and lifestyle, while strengthening alinma Bank’s position as a leading provider of premium and innovative banking solutions that meet evolving customer needs and complement their daily lives.
This first-of-its-kind prestigious product in Saudi Arabia will offer an extensive range of unique privileges, including exclusive Harrods benefits such as access to bespoke shopping experiences, seasonal offers, and curated events. It will also provide global acceptance and advanced security through Visa’s trusted payment network, alongside premium rewards featuring attractive loyalty benefits and lifestyle perks tailored for high net worth customers. In addition, the product will deliver digital convenience through contactless payments and compatibility with leading digital wallets, ensuring seamless transactions.
Abdulrahman Mohammed Al Nasser, Chief Retail Banking Officer at alinma Bank, added: “As part of our commitment to delivering enrich and distinctive and cutting-edge banking experience, alinma continues to expand its range of exclusive services and benefits. This collaboration with Harrods reflects the banks vision for innovation and strengthen the global reach of an iconic luxury and truly exclusive experiences.”
Ali Bailoun, Senior Vice President and Group Country Manager for Saudi Arabia, Bahrain, and Oman at Visa, remarked: “Visa strives to create premium propositions that truly resonate with cardholders. By bringing together alinma Bank’s strong market presence and Harrods’ legacy of luxury, we are introducing a distinctive premium card that exemplifies Visa’s role in connecting cardholders to trusted, world-class experiences delivered securely, seamlessly, and tailored to the preferences of discerning cardholders in Saudi Arabia.”
Michael Ward, Managing Director at Harrods, said: “Our relationship with our clients is based on providing a full lifestyle service, and we believe this new Visa alinma bank Harrods credit card will become an essential lifestyle companion - offering unique privileges, exclusive rewards, and unparalleled convenience. Cardholders can look forward to an array of benefits, including access to exclusive events, luxury shopping experiences, and premium travel perks. We are delighted that this partnership brings together the unrivalled luxury experience Harrods provides its customers, with an innovative, seamless payment provider."