The first of its kind in the Kingdom a bank that allows opening a “gold” account for individuals and buying and selling billion “online”.

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The National Commercial Bank announced yesterday (Monday) the launch of the Gold Account product for individuals, which is the first product of its kind in the Kingdom.

The bank explained that the product is compatible with Islamic law, and allows individual customers to easily open an account, save and invest in gold, and the ability to sell, buy or withdraw gold bars through channels (AlAhli Online or AlAhli Mobile).

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He pointed out that the sales transactions are carried out in multiples of the weight of 10 grams, with the imposition of fees for storage and another for the transfer of gold from the main treasury to the branches.

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