RIYADH, Saudi Arabia - A Striking Pavilion That Awaits Visitors With Many Surprises
Al Rajhi Bank is taking part in the Riyadh Real Estate and Development Exhibition that is being held at the Riyadh International Exhibitions Center under the Patronage of HRH Prince Miteb bin Abdulaziz, Minister of Municipal and Rural Affairs. The Bank is presenting comprehensive real estate financing solutions and packages that offer unique features.
Ibrahim Al Malik, Director of Public Relations & Communications Department explained that the Bank is very well position and represented in the event as one of the most important and largest real estate financing institutions in the Kingdom. The Bank has a large and uniquely designed pavilion to receive a wide range of customers who are interested in the Bank’s products and services. This pavilion is providing a unique educational opportunity on the Bank’s financing, investment, and ownership schemes that are full of surprises.
Al Malik also explained that the Bank’s participation in this very important real estate event comes in line with the Bank’s strategy to take a leading role in the development of the real estate sector in the Kingdom and fulfill its role to provide real estate financing solutions to customers. This step also complements the Bank’s marketing strategy in being present at key specialized exhibitions to present its integrated and unique products and services.
Al Malik added, “This exhibition provides a key opportunity for us to present our financing and investment products for the real estate sector which is of growing interest to customers which range from investment to home ownership.”
Al Malik continued, “The Real Estate Financing Program from Al Rajhi provides an opportunity for individuals to own the right property by receiving financing that meets their requirements in a very convenient and quick manner and with unique feature.” Al Malik stressed that the program is one of many steps that the Bank adopts in making its customers a central focal point while providing high-end services to meet their financing needs in a very easy and unique way for them to lead a better life.
Al Malik noted that the Bank is providing a total solution concept for the various real estate ownership programs that provides customers with an opportunity to own their own property based on their means and according to a series requirements that provide a win-win situation for everyone. He indicated that The Bank offers long-term financing up to 25 years and with the opportunity to participate with other family members add to that the very convenient monthly installments that match the monthly income even if it is a low one. This program also provides the opportunity to purchase residential, commercial, or investment properties based on the customer’s needs.
The Public Relations and Communications Directors hinted that the Bank is providing special Islamic financing offers during the exhibition which meet the needs of the customers such as Murabaha, Musharaka, Istisnaa, and Eirad.
Contact details: Ibraheem Al Malik, Head of PR, Email: almalik.i@alrajhibank.com.sa
Source: Al Rajhi Bank - KSA
Contact details: Ibraheem Al Malik, Head of PR, Email: almalik.i at alrajhibank.com.sa
Related Press Releases
Behringer Harvard Expands Real Estate Investment Relations to the Middle EastSeptember 26th, 2009 DALLAS -
Behringer Harvard announced today the appointment of Mr. Dawoud Salman Al-ani as Managing Director, Middle East Investment Relations - Real Estate.
In Cooperation With Ensan Charity Association Al Rajhi Bank Launches Ensan Credit CardSeptember 1st, 2009 RIYADH - In cooperation with Ensan Charity Association in order to enhance its role in serving the community, Al Rajhi Bank recently launched "Ensan" Credit Card to support social and charity projects, in addition to encouraging charity spending to support key causes in the Saudi community. An agreement has been signed for launching this special product by HRH Prince Faisal bin Salman bin Abdul Aziz, Chairman of Ensan Charity and Mr.
Al Rajhi Bank Achieves SR 3.5 Billion in Profits During the First Half of This Year, a 5% Increase Over Last YearJuly 18th, 2009 RIYADH, Saudi Arabia - Al Rajhi Bank CEO, Mr. Abdullah Sulaiman Al Rajhi announced that the Bank posted a net profit of SR 3,503 million, compared to SR 3,344 million during the same period last year, representing a 5% increase.
In a Step to Encourage Scientific Excellence and Part of its Social Responsibility Programs Al Rajhi Bank Recognizes 228 Achievers Across the KingdomJune 30th, 2009 RIYADH - Al Rajhi Bank represented by its Female Branches Department recently recognized 228 top female students who excelled scholastically across the Kingdom. This program is part of Al Rajhi Bank's commitment to developing the community as part of its social responsibility programs.
Aareal Award of Excellence 2010 has CommencedJune 21st, 2009 WIESBADEN, Germany - EBS Real Estate Management Institute and Aareal Bank Again Offer the Research Prize for Scholarly Work in Real Estate Economics
WIESBADEN, Germany, June 22 /PRNewswire/ --
Aareal Bank AG and the Real Estate Management Institute (REMI) of the European Business School (EBS) are offering the Aareal Award of Excellence in Real Estate Research for the third time. The annual research prize honours academically-outstanding work in real estate research and is again worth 12,000 Euro.
Filipino Customers Now Have Their Own Remittance Center From Tahweel Al RajhiMay 31st, 2009 RIYADH, Saudi Arabia - New Cash-to-Cash Service Offers the Lowest Charges and Fastest Service
June 1, 2009 will mark the opening of the first Tahweel Al Rajhi remittance center specially catering for Filipino customers. Located near Manila Plaza in the Batha area of Riyadh, the center will provide Filipino expatriates with special offers and the best dedicated service for sending remittances back home.
Final Results for Al Rajhi Company for Cooperative Insurance IPOMay 2nd, 2009 RIYADH, Saudi Arabia - The CEO of Al Rajhi Financial Services Co. (Lead Manager and Sole Underwriter), Mr.
Helaba Strengthens Real Estate Business in London Through Ingeborg WarschkeApril 28th, 2009 FRANKFURT, Germany - On May 1, 2009, Ingeborg Warschke will be taking over as head of Helaba's real estate finance department in its London branch. The highly experienced banker has been working since 1995 in Helaba's international real estate finance, most recently for the Bank's real estate financing activities in Western and Southern Europe and for internationally active closed-end and open-end real estate funds.
747% Over Subscription - Al Rajhi Co. for Cooperative Insurance IPOApril 27th, 2009 RIYADH, Saudi Arabia - With one day left before the close of the offer period ,the CEO of Al Rajhi Financial Services Co. (ARFS), Marcus Andrade, has announced the IPO subscription results for Al Rajhi Co.
With a 21.6% Increase Over Last Year Al Rajhi Bank Achieves SR 1,732 Million in Profits in the First Quarter of 2009April 11th, 2009 RIYADH, Saudi Arabia - Al Rajhi Bank CEO, Mr. Abdullah Sulaiman Al Rajhi announced the financial results of the first quarter of 2009 where the Bank achieved SR 1,732 million in net profits compared to last year's net profits which were at SR 1,424 representing an increase of 21.6%.
Related News
IRS issues rules making it easier to refinance some commercial real estate mortgagesSeptember 15th, 2009 IRS issues rules to ease mortgage refinancingWASHINGTON — The IRS issued new rules Tuesday designed to make it easier to refinance some commercial real estate loans in an effort to curb the number of defaults. The rules would allow commercial loans that are part of investment pools known as Real Estate Mortgage Investment Conduits, or REMICs, to be refinanced without triggering tax penalties for investors.
Fed official says central bank stepping up focus on commercial real estate loansJuly 9th, 2009 Fed focused on commercial loansWASHINGTON — A Federal Reserve official says the central bank is paying extra attention to banks' books as losses from sour commercial real estate loans keep mounting. Jon D. Greenlee, associate director of the Fed's division of banking supervision, says in remarks prepared for a Congressional hearing Thursday that the central bank has stepped up training of its bank examiners so they are ready to deal with rising losses from the commercial real estate industry.
New York Times sells headquarters in leaseback dealMarch 10th, 2009 NEW YORK - The New York Times has sold its landmark headquarters for $225 million in a deal that will see it leaseback the office space for a starting rent of $24 million a year, the media conglomerate announced Monday. The media company, which owns many leading newspapers like The New York Times, The International Herald Tribune and The Boston Globe, among others, had moved into 21 floors of the Renzo Piano designed building in 2007, but it was forced to sell its space as plummeting ad revenues coincided with the credit crunch to seriously impair the company's financial performance.
WCI Communities comes out of Chapter 11, eliminating over $2 billion in debt and liabilitiesSeptember 3rd, 2009 WCI Communities comes out of Chapter 11BONITA SPRINGS, Fla. — Homebuilder WCI Communities Inc.
Assocham advocates greater transparency for realty industryAugust 4th, 2009 NEW DELHI - To bring transparency in the realty sector, Associated Chambers of Commerce and Industry of India (Assocham) has suggested that it be made mandatory for real estate developers to open escrow accounts. Escrow accounts offer a safe avenue to buyers of property since payments for purchase of an apartment or similar real estate are deposited in them and paid to the developer only after the project is complete and the possession handed over.
Indian infrastructure firm opens London office to tap European financeJanuary 25th, 2009 LONDON - Infrastructure Leasing & Financial Services Ltd (IL&FS), one of India's leading infrastructure development and finance companies, Monday opened a London office to tap European channels of financing. IL&FS stakeholders include Life Insurance Corp of India, ORIX Corp of Japan, Housing Development Finance Corp (HDFC), Abu Dhabi Investment Authority, Central Bank of India and State Bank of India.
Investors show no appetite for Fed program to bolster commercial real-estate loansJune 16th, 2009 Commercial real-estate loans draw no interestWASHINGTON — Investors showed no appetite for a government plan intended to boost the availability of commercial real-estate loans. The Federal Reserve Bank of New York says it received no investor requests for loans by Tuesday's deadline.
Fed examiners stepping up oversight of commercial real-estate loans at smaller banksSeptember 16th, 2009 Fed tightens review of commercial real-estate riskWASHINGTON — The Federal Reserve is stepping up its scrutiny of commercial real-estate lending at smaller banks, according to a Fed official. Instead of reviewing only individual banks, Fed examiners also are comparing results across the industry to better assess broader risks, the official says.
NYC skyscraper secures nearly $1.3B loan, experts say it's one of biggest since market souredJune 26th, 2009 Prominent NYC skyscraper secures nearly $1.3B loanNEW YORK — Developers of one of the city's tallest new skyscrapers said Friday they had lined up a nearly $1.3 billion loan, sealing what experts called one of the biggest real estate financing deals since the economic crisis began last fall. Coming amid the worst commercial real estate market in decades, the refinancing package for the Bank of America tower drew congratulations from Mayor Michael Bloomberg and Gov.
UCO Bank inks deal with Mahindra for car financingSeptember 15th, 2009 KOLKATA - UCO Bank has signed an agreement with auto major Mahindra and Mahindra for car financing, a top official of the bank said here Tuesday. The bank will offer financing facilities to eligible customers to buy Mahindra's cars and multi-utility vehicles, bank chairman and managing director S.K.
September 7th, 2009 at 1:19 pm
helo iam ahsan ali serching job in alrajhi bank
my educational qulification is entremidiate
my nationalty type indian and iam persentaly worked
in saidan real estate company (aouto cade appretar)
plese inform me if any job avilavale on these persent time