Friday, 16 November 2007
By Adel Al-Malki
JEDDAH - Al-Rajhi Bank has joined the 5th Dhahran Real Estate Exhibition at the Dhahran Exhibitions Center, which started on Thursday, as part of the bank's effort to market its home and real estate financing programs to exhibition visitors. The exhibition runs until Nov. 17 and is open for public viewing.
Saeed Al-Ghamdi, deputy chief executive officer said, "Saudi Arabia is currently going through a construction and real estate boom, there is a lot of demand on residential and commercial properties." "Such exhibitions give us an opportunity to interact with our customers."
Among the bank's products is Home Financing, based on Musharaka Islamic loan, which offers a long-term repayment schedule of over 25 years to customers. The Real Estate loan on the other hand offers financial solutions based on Murabaha, with a repayment tenor of over 15 years.
period while the Irad is a program that offers opportunities to finance residential and commercial real estate.