Rajhi Bank launched its “Mega Car Xpress”, an exhibition bringing all popular car brands under one roof. Providing quick and easy car financing, it is a quarterly event that is held in Al Rajhi Bank's Khorais showroom at Exit 30 in Riyadh. The exhibition is until March 31, 2008. Mega Car Xpress is a modification to their Car Xpress, the monthly activity which has been running for the past year with significant success. Mega Car Xpress present customers more benefits and attractive offers, including no down-payment and no processing fees on select cars available at the venue. It also provides customers with the option of contract signing at their own convenience, in ten branches in and around Riyadh. Mega Car Xpress is unique in offering customers advantages to make an informed purchasing decision, apply for Al-Rajhi auto-financing program, get approval on the spot and buy the car of his choice, all at once, living up to the slogan of “Walk In and Drive Out”. “We are constantly looking at opportunities to offer more value to the customer. This is a one of a kind initiative undertaken by Al-Rajhi Bank in the Kingdom to interact with consumers and meet the rising need for facilitating the car purchasing process with more ease and comfort. An existing customer of our bank can complete the process just in 30 minutes at the venue” said Deputy CEO of Al-Rajhi Bank Saeed Mohammed Al-Ghamdi. Al-Ghamdi added: “The customers can avail finance for periods of up to five years. Salary transfer to Al Rajhi Bank is not mandatory. Applications are accepted at a starting salary of SR3,000. This program is available to both Saudi nationals and other residents in the Kingdom.” Al-Rajhi Bank is in the forefront of providing various innovative financial solutions such as Car Loans program, Car Leasing program, the monthly Car Xpress activity and the Mega Car Xpress Quarterly activity. Al-Rajhi Bank always operates within the framework of Shariah principles. The bank is one of the largest joint stock companies in the Kingdom, with a paid up capital of SR13,500,000,000. __
