CONTINUING TO PROVIDE INNOVATIVE SOLUTIONS
BANK ALBILAD LAUNCHES "ALBILAD DOLLAR ACCOUNT" WITH MONTHLY RETURNS
Bank Albilad announced the launch of "Albilad Dollar Account", the first account of its kind in Saudi Arabia in compliance with Sharia Board rules and regulations. It grants clients (individuals, institutions, companies and charitable organizations) free control of the account at any time while calculating and collecting returns and depositing them in the client's account on a monthly basis. Clients can save money easily and quickly while enjoying high liquidity at any time.
Mr. Ehab Hassouba, General Manager of Retail Banking at Albalad Bank, said: "Albilad Dollar Account is a bank account that is offered for the first time in the Kingdom to our valued clients as per their wishes following the great success achieved by Albilad Riyal Account, Albilad Account is based on the principle of speculation in accordance with the provisions of Islamic Sharia." He added: "Albilad Account offers many advantages such as flexibility, safety and low risk. Returns are deposited on monthly basis (at the beginning of each calendar month) in the client's account. All clients can open Albilad Dollar Account as an additional account at www.bankalbilad.com, in order to provide everything new and innovative and improve the clients' experience.
Mr. Hassouba added: "The launch of "Albilad Dollar Account" aims at encouraging our valued clients to save money in a stable and secure manner and to reduce consumer spending, as a contribution from Bank Albilad to achieve this goal, which is one of the most important elements of the ambitious Kingdom vision 2030, which is to enhance the citizen's ability to save."
It is noteworthy that Bank Albilad provides services to all clients through its extensive network of 150 branches across the country, in addition to five self-service centers in Riyadh, Jeddah, Dhahran, Tabuk and Al Kharj operating until 9:00 PM, as well as over 180 money transfer service centers "Enjaz", including King Khalid Airport Center in Riyadh, which operates 24/24 and provides services to the SME sector through more than 10 centers in Riyadh, Jeddah, Dammam, Al-Hasa, Abha, Makkah, Al-Qassim, Hail, Al-Jubail and Al-Khafji. Albilad Bank business phone No. 8001237777, email: SME@bankalbilad.com, supported by an ATM network of more than 850 ATMs and the latest integrated e-services 24/24, including the website www.bankalbilad.com and Albilad application for smart phones. Bank Albilad provides 24/24 communication line via Albilad phone No. (920001002) or through all social media channels, including Twitter, Facebook, Instagram, LinkedIn and Snapchat, to meet all their banking needs.
