JEDDAH – Bank Al Jazira presents a range of special offers to visitors at the ongoing Cityscape Jeddah 2013 exhibition being held at the Jeddah Centre for Forums & Events. Khaled Al Othman, SVP and head of Retail Banking Group at Bank Al Jazira, said the bank's participation in the exhibition comes as part of its contribution in supporting the real estate sector in the Kingdom and to play an active role in financing the different segments of Saudi residential or real estate investment. Throughout the exhibition that will end on March 4, Bank Al Jazira will focus on the real estate programs that mean the most to the visitors. The programs include the “Investment Real estate Finance Program” which enables customers to buy an apartment building, commercial or shopping center or apartment complex with high flexibility in repayment of up to 15 years at a very competitive margin without the need of a grantor and with a possibility of payment from the real estate earnings or any other sources of income. Additionally, the bank offers the “Financing Against Real Estate Collateral Program” which is specially designed to suit the need for expansion for those who already own real estate properties by enabling them to get the required finance to build or buy another property using their existing ones as collateral. Moreover, Al Othman said Bank Al Jazira offers “Baity”, the housing finance solution in fully compatible form with Shariah guidelines, which comes with the theme “Use Your Rent to Own Your Home”. The program has many features ranging from a very competitive margin to a large amount of funding which can reach up to SR5 million. To complement this, Bank Al Jazira also grants a long installment period which can reach up to 30 years, with an exemption from the rest of the premium in the event of death or total disability. — SG
