Alinma Bank has announced that attendees at this year’s Riyadh Real Estate, Housing & Urban Development Exhibition (RESTATEX) are eligible for special financing offers being extended by the bank. In particular, attendees who apply for financing at the event will receive competitive profit margins as well as flexible contractual options and repayment periods, which extend up to 30 years. Financing is available in amounts up to SAR 7 million, with no administrative fees.
Additionally, exhibition attendees are also eligible for joint financing without the requirement of there being a familial relationship between the individuals taking that financing. All types of real estate properties are available (villas, apartments, commercial properties, and land). There is also a financing provision that waives repayment in the unfortunate event of death or total disability.
Speaking about the event, the general manager of retail banking at Alinma, Mr. Fahad Al-Semari, stressed that the bank’s participation at RESTATEX was part of its ongoing effort to share Shariah-compliant financing options with potential homebuyers. He further noted that it was the aim of the bank to facilitate adequate home ownership for its partners (customers) as part of Alinma’s vision to be “your preferred financial partner.” He also added that Alinma’s participation in such events reflected the bank’s strength, vitality and capabilities with regard to making an impact in the real estate and investment sectors.
RESTATEX opened on April 24, 2016 and will run through April 27, 2016. The event is being held at the Riyadh International Convention & Exhibition Center under the auspices of His Excellency, the Minister of Housing, Majed bin Abdullah Al-Huqail. Corporate attendance this year is strong, with a broad range of Saudi and GCC companies working in the areas of real estate, investment and financing participating.
Alinma Bank delivers its exemplary products and services to its partners (customers) through a network of 122 branches across Saudi Arabia. It furthermore serves partners through its innovative, comprehensive array of electronic channels, which include Alinma Internet (www.alinma.com), Alinma Phone (8001208000), Alinma Mobile, the Alinma smartphone application, and the bank’s network of 1210 ATMs.