American Express Saudi Arabia partners with Alrajhi Bank

Facebook
Twitter
LinkedIn
Fahad Mubarak Al Guthami, Chief Executive Officer at American Express Saudi Arabia.
Fahad Mubarak Al Guthami, Chief Executive Officer at American Express Saudi Arabia.

American Express Saudi Arabia has signed a strategic agreement with Alrajhi Bank allowing its cardmembers to access the ATM terminals of the latter for cash withdrawals. With the formalization of the agreement, American Express has added more than 4,500 ATM terminals to its growing network, enabling its customers to enjoy seamless ATM services across the Kingdom.ย 

The agreement aims to meet the financial services need of American Express Saudi Arabiaโ€™s Cardmembers and underscores the financial institutionโ€™s unwavering commitment to enhancing its customer experience by expanding cash withdrawal operations. It is also consistent with the bankโ€™s comprehensive strategy to enhance its presence and diversify its services and products in KSA.

American Express and Alrajhi bank logo

Expressing his pride in collaborating with American Express Saudi Arabia and elaborating on the significance of the agreement, Waleed Al Mogbel, MD & CEO at Alrajhi Bank, said: โ€œThe agreement directly aligns with Alrajhi Bankโ€™s strategic objective of achieving sustainable growth in line with the Kingdom’s Vision 2030. It exemplifies our unwavering dedication to consistently provide value to our customers, while harnessing financial expertise and innovation to meet the marketโ€™s ever-evolving needs.โ€

Commenting on the agreement, Fahad Mubarak Al Guthami, Chief Executive Officer at American Express Saudi Arabia, said: โ€œWe are excited to sign an agreement with Alrajhi Bank, expanding our ATM network and providing our Cardmembers more than 4,500 new ATM terminals for easier cash withdrawals. This agreement is a significant milestone for us and it underscores American Express Saudi Arabia’s unwavering commitment to consistently provide diverse choices and innovative solutions to our new and existing customers through strategic partnerships with leading financial institutions and businesses across the Kingdom.โ€

Representational Image (Image by rawpixel.com on freepik)
Representational Image (Image by rawpixel.com on freepik)

The agreement signifies strengthening of partnership between American Express Saudi Arabia and Alrajhi Bank. Both entities had previously entered into an agreement last year, allowing Alrajhi Bankโ€™s POS network to accept payments made using American Express cards. American Express Saudi Arabia has been actively expanding its merchant network by partnering with prominent financial institutions and fintech companies.

Source

Share.

RELATED POSTS

HSBC announces completion of next stage of global reorganisation. Image Courtesy: HSBC
HSBC Announces Completion of Its Next Stage of Global Restructuring Plans
SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, today announced an MOU with Visa to develop solutions aimed at supporting small and medium-sized enterprises (SMEs) across MENA. Image courtesy: SC Ventures
SC Ventures and Standard Chartered Partner with Visa to Boost SME Sector in MENA Region
Kutayba Y. Alghanim announces that he has entered into an agreement with Warba Bank to sell all the shares comprising the capital of Alghanim Trading Company LLC. Image Courtesy: Kutayba Y. Alghanim
Warba Bank Acquires Alghanim Groupโ€™s 32.75% stake in Gulf Bank

LATEST POSTS

Wise has secured regulatory approvals by the Central Bank of the United Arab Emirates (CBUAE) to bring its suite of products to the country. Image courtesy: Wise
Farid Yousefi CEO at Finder Group Ai. Image courtesy: Finder Group Ai
Representational Image of Oil and Gas. Image Courtesy: Pexels
Representational Image on WiFi Issues.