Al Rajhi bank in Jordan ATM deal
Amman, January 28, 2012
Snax, a leading chain of convenience stores operated by Al-Mashrabia Trading Company in Jordan, has inked a deal with leading Saudi bank Al Rajhi to install ATM machines at a number of its branches located across Amman.
The initial phase of execution is already underway with five branches located in Um Al-Summaq, Shmeisani, Park Plaza – Sweifyeh, Airport Road and near University of Jordan to receive ATM services from Al Rajhi Bank, said the company in a statement.
The agreement gives the trading group an opportunity to provide an integrated shopping experience, it added.
With the introduction of this new service, Snax customers will have the opportunity to take full advantage of all the levels of convenience that the ATM machines from Al Rajhi Bank will provide, complementing the 24/7 services that Snax provides its customers when shopping for their daily needs.
Commenting on the deal, Hazim Al-Sarraf, CEO of Snax said: 'We are pleased to embark on a long term partnership with Al Rajhi bank that enjoys a prestigious position in the world of banking.'
'Snax continuously strives to deliver a greater level of convenience and service to our customers, building on successful accomplishments to date,' he noted.
Tarek Akel, CEO of Al Rajhi Bank in Jordan said: 'We understand the importance of delivering efficient and convenient services to our clients. We are confident that this partnership will present an added value, with both sides looking to provide the best around the clock services to all customers.”-TradeArabia News Service
More Finance & Capital Market Stories
- Nexus launches Kuwait operations
- Tunisia may delay sukuk issue to next year
- Al Baraka Turk planning $200m sukuk
- Kuwait April inflation climbs to 2.8pc y/y
- Bahrain Islamic Bank names new chairman
- Oman 'must consider fiscal reforms as priority'
- Qatar Exchange to start trading govt bonds
- NBK opens new branch in UAE
- Dubai utility repays $871m Islamic bond
- Investcorp buys stake in Saudi energy firm