The National Commercial Bank (NCB) recently signed an agreement with Ibrahim Al-Juffali and Brothers Auto Company, the exclusive agent for Mercedes Benz cars in the Kingdom, to lease Mercedes Benz cars to customers. Yasser Kashkash, NCB head of Lease and Finance Division, signing the agreement with Safi Qubeisi, director general of Ibrahim Al-Juffali and Brothers Auto Company, said the agreement aimed to increase growth of sales and market shares in the automotive sector. He pointed out that under the agreeement, NCB will be the only bank with presence at Ibrahim Al-Juffali and Brothers Auto Company throughout the Kingdom. Kashkash said the Al-Ahli car leasing program is compliant with Islamic law and has warranty throughout the lease period, which may be extended up to five years and has a comprehensive insurance for the duration of the lease. The client is not required to have an account at NCB nor have a sponsor to complete the leasing process. __
