American Express Saudi Arabia has partnered with Alrajhi Bank to allow its cardmembers to access the ATM terminals of the latter for cash withdrawals.
With the formalisation 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 Saudi Arabia.
The deal aims to meet the financial services needs of American Express Saudi Arabia’s cardmembers and underscores the financial institution’s unwavering commitment to enhancing its customer experience by expanding cash withdrawal operations.
“The agreement directly aligns with Alrajhi Bank’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 market’s ever-evolving needs,” said Waleed Al Mogbel, MD & CEO at Alrajhi Bank.
The agreement bolsters the partnership between American Express Saudi Arabia and Alrajhi Bank. Last year, the two entities entered into an agreement allowing Alrajhi Bank’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.
“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,” said Fahad Mubarak Al Guthami, CEO of American Express Saudi Arabia.
American Express Saudi Arabia is a joint venture between American Express Middle East business and The Saudi Investment Bank. The company owns and operates the American Express Card and merchant business in Saudi Arabia.
