SABB launches unique Shariah-compliant consumer finance offering at Hamad A. Al-Essa & Sons Co.

The agreement was signed by Mr. Saud Al-Essa, Group Managing Director of Al-Essa Group and Sulaiman Al-Hamdan, Deputy Managing Director, SABB at a ceremony held on September 19th.

Commenting on the event, Mr. Saud Al-Essa said "The EasyBuy Plan from SABB will allow all customers, Saudis and non Saudis, to apply for and receive a decision on an installment plan for consumer electronics and home appliances within minutes, which will allow customers to buy products that better suit their needs and offers an easy and convenient extended payment option."

Sulaiman Al-Hamdan added "The system developed for the EasyBuy Plan is the first such in the Kingdom .This system utilizes real-time links not just to SABB's systems and servers, but also to the Saudi Credit Bureau and the retailer's technology infrastructure, offering rapid scalability. Furthermore, the design, development and deployment of the system was managed by SABB's own IT and Business Support Systems teams."

Al-Essa is one of the leading manufacturers of air-conditioning and refrigeration appliances, as well as a representative of major home appliances brands such as Hitachi, Gibson, Crafft and HAAS.