Al Rajhi Bank Sponsors the 29th Jeddah Motor Show

19 August 2008

Al Rajhi Bank, the main sponsor of the 29th, Jeddah International Motor Show 2007, launches attractive auto-financing programs during the exhibition events that will commence on 25-30 November, daily from 4:00 pm until10:00 pm, at the Jeddah International Exhibitions & Conference Center “JIECC”.

As the main sponsor, the bank has three different stands, located in strategic areas throughout the exhibition. They offer both Auto-Financing programs and Car Xpress program, in addition to special offers that will be running during the exhibition. The bank also has prepared a special, fun and interactive experience for its stands’ visitors.

Suleiman Al Qubaisi, Marketing Manager said: “The role of cars in our daily professional and personal lives is becoming more and more important everyday. Al Rajhi Bank is providing the opportunity to finance cars according to the comfort and needs of each individual". "This sponsorship illustrates the measures we are taking to reach and interact with our customers face to face" added Al Qubaisi.

Auto-financing is an installment program; it is segmented into two programs, Car Loans and Car Leasing. Car Loan is a loan program which is customized for the purchase of vehicles over a certain period of time with regular flexible payments. Some of the advantages of this program include no guarantor or down payment required. Car Leasing is a flexible program that allows customers to purchase their vehicle over a set period of time with the benefit of owning the vehicle at the end of the lease period, it also offers an end of payment balloon payment facility. These programs are suitable for a majority of the community as they require a minimum monthly income of SR 2,500. The programs come with extra benefits such as a period of payment that goes up to 60 months, free road side assistance, comprehensive insurance, extended warranty and exclusive discounts at select car service providers.

Car Xpress is a monthly program that Al Rajhi furnishes to its customers; it gives them the opportunity to go to one location and see 18 different brands under one roof. Customers can also buy their desired vehicle and drive back home in 30 minutes, without having to go to many different dealers. In the past this program took place in 11 different cities; Riyadh, Jeddah, Dammam, Al Hassa, Al Qassim, Al Madina, Tabuk, Abha, Hafr Al Batin, Jizan and Najran.. This time it is going to a different level it will be going to the Jeddah Motor Show, with amazing presentation and a stimulating interactive system. Some of the offers it will present are extended warranty, own the car in 30 minutes, applicants are accepted at a minimum salary of 2,500 SR, in addition to many extra benefits presented in the program.

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