Al Rajhi Bank to woo Arabs to buy homes in Msia
 
By DAVID TAN
 
 
PENANG: Al Rajhi Bank, headquartered in Saudi Arabia, aims to tap into its customer base of over three million in its home country to participate in Malaysias My Second Home programme.
 
Chief executive officer Ahmed Rehman said the bank was confident of playing a role in attracting more Arabs to purchase properties in Malaysia.
 
We believe our bank can work with bodies like the Penang Development Corp to produce brochures on the programme for our customers in Saudi Arabia.
 
We have 400 branches in Saudi Arabia serving over three million customers, from which Im sure a percentage would be interested in owning a home in Malaysia, he said .after the launch of Al Rajhi's first branch in Penang by Chief Minister Tan Sri Dr Koh Tsu Koon.
 
Ahmed said in conjunction with the launch, the bank was making a special personal financing introductory offer at its branches in Penang, Johor Baru, Malacca, and Kuching.
 
 
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