alrajhi bank and Porsche Services Middle East & Africa Join Forces to Transform Automotive Financing in Saudi Arabia

Snapshot of the agreement signing

Owning a Porsche, Audi, Bentley, Lamborghini, Volkswagen, or Skoda in Saudi Arabia is now easier than ever, thanks to a new strategic partnership between alrajhi bank and Porsche Services Middle East & Africa.

This collaboration brings together the financial expertise of one of the world’s largest Islamic banks and the specialized capabilities of a premier automotive financial services provider. The result: tailored, Auto leasing financing solutions that enhance the vehicle ownership journey for customers of all Volkswagen Group brands.

Through this partnership, customers in the Kingdom will gain access to seamless, value-driven financing options—designed to simplify the purchase process while ensuring a premium, worry-free experience.

Majed Al-Rajhi, General Manager of the Retail Banking Group at alrajhi bank, stated: “alrajhi bank has a proud heritage of delivering innovative financial products. Our partnership with Porsche Services Middle East & Africa allows us to broaden our offering across all Volkswagen Group brands, in alignment with our strategy to enhance customer value. We’re excited to provide more customers with flexible, personalized financing options that bring their dream cars within reach.”

David Pecenait, Managing Director of Porsche Services Middle East & Africa, added: “Partnering with alrajhi bank is an important milestone in our efforts to elevate the Porsche ownership experience. Together, we’re creating a more accessible and customer-centric financing journey in Saudi Arabia—helping more people own vehicles from our iconic brand portfolio.”

alrajhi bank is one of the world’s largest banks by market capitalization and the largest in both Saudi Arabia and the Middle East.

Porsche Services Middle East & Africa (PSME) oversees the financial services offerings for the Volkswagen Group’s brands in the region, including Porsche, Audi, Volkswagen, Skoda, Bentley, and Lamborghini.