American Express Saudi Arabia signs agreement with Riyad Bank

to offering more merchant acceptance to American Express Cardmembers

American Express Saudi Arabia has announced the signing of partnership agreement with Riyad Bank that will permit merchants on Riyad Bank’s Point of Sale (POS) network to accept American Express Card payments. The agreement will give access American Express Cardmembers to use pay with their Cards at a significant number of new locations, providing greater payment choice and wider acceptance for them.

The POS partnership agreement was signed during a ceremony held in Riyad Bank’s headquarters in Riyadh with the presence of Mr. Fahad Mubarak Al Guthami, Chief Executive Officer at American Express Saudi Arabia, and Mr. Mohammed Abo Al-Naja, Chief Corporate Banking Officer at Riyad Bank, with officials from both sides in attendance.

Commenting on the significance of the new agreement, Mr. Al Guthami said: “We are pleased to work with Riyad Bank to expand on the number of locations that Welcomes American Express in the Kingdom, providing our Cardmembers with more locations and wider coverage more than ever to pay with their Cards across Saudi Arabia. This is part of our commitment to significantly expand on the businesses that accepts American Express in the Kingdom and around the world as a payment method. “

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