Juffali Automotive Company (JACO), the Kingdom’s sole agent for Mercedes-Benz cars, signed an agreement with National Commercial Bank, to enable the bank provide Mercedes-Benz leasing schemes suiting the client’s personal needs and affordability. JACO Chairman Khaled Juffali said the move was the first of its kind taken by JACO and the first in which the company provided a “tempting yet flexible” program for Mercedes-Benz fans to enable them to own Mercedes cars. He also indicated that JACO expected the new program to boost Mercedes car sales in cooperation with the NCB and meet the requirements of a large segment of clients who wish to own these cars through a facilitated payment option. “The scheme will help this segment to avoid complicated bank and installment company procedures. In addition, it will expand JACO’s client base and enable everyone enjoy driving a Mercedes-Benz car.” Adel Saleh Al-Howar, head of the bank’s Consumer Finance Services Group assured of the continuing strong relationship between the NCB and Juffali. Safi Kobeissi, GM, E.A. Juffali & Brothers’ Automotive Division, said the new installment program would boost sales.
