Wadi and Al Rajhi Bank announce new partnership
Wadi.com, KSA’s fastest growing e-commerce platform, announces its latest and first of its kind partnership with KSA’s leading bank
Kingdom of Saudi Arabia, April 9, 2017 – Wadi.com, KSA’s home-grown online shopping marketplace, today announced a new strategic partnership with one of KSA’s most trusted banks, Al Rajhi Bank. This unique collaboration between the region’s fastest growing e-commerce platform and KSA’s largest islamic bank is a sign of the growing importance of e-commerce in the country.
The long term strategic partnership will include a series of exclusive offers over the coming months and commences with a generous welcome offer for all Al Rajhi customers. From 6th – 15th April, 2017, all Al Rajhi credit and prepaid card holders will receive 10 percent off on all orders placed on Wadi.com.
This tie-up follows the company’s recent sponsorship of the Al Nasser football club and marks the company’s second anniversary. Since raising the Middle East’s largest Series A in March 2016 (USD 67 million led by the Al Tayyar Group), Wadi has grown 100% and is close to operational breakeven. The funds raised have been allocated to increasing assortment and categories offered and delivering a superior customer experience through enhancements in technology and operations. Consistently rated the #1 shopping app in KSA, Wadi has now expanded its last mile services to 15+ cities in the Kingdom. The partnership with Al Rajhi is just one more milestone for Wadi’s growing list of exclusive partnerships and unparalleled campaigns.
“Wadi’s aspiration is to change the way people shop in the KSA and strategic partnerships with the country’s leading brands and companies is a key driver for that. A partnership with Al Rajhi bank, which like Wadi, always puts the customer first, felt like a natural fit – this is the first partnership of this kind in the KSA and Wadi is proud to be leading the charge one again.”, says Kanwal Sarfraz, Co-founder of Wadi.com.
“Al Rajhi always strives to offer its customers the best products and campaigns. Our partnership with Wadi is another milestone in that direction – e-commerce spend is a fast-growing segment and we are excited to bring our customers unique offers that allow them shop online using a hassle free and reliable platform”, says Saleh Alzumaie, Retail Banking General Manager in Al Rajhi Bank.
Al Rajhi Bank, founded in 1957, is one of the largest Islamic banks in the world. With more than 58 years of experience in banking and trading activities, the bank is the perfect banking partner for Wadi.com as it carries a notable and knowledgeable reputation.
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