KHCB signs property finance solutions deal
Manama, April 17, 2014
Bahrain-based Khaleeji Commercial Bank (KHCB) has signed a memorandum of understanding (MoU) with Dilmunia at Bahrain development manager Ithmaar Development Company for providing property finance solutions.
The bank will offer solutions to potential buyers of units in Dilmunia including Seavilla, the first project, reported the Gulf Daily News, our sister publication.
The MoU was signed by KHCB chief executive Khalil Al Meer and Ithmaar Development Company chief executive Mohammed Khalil Al Sayed, who is also Health Island Company chairman at KHCB's main office at the Bahrain Financial Harbour.
The signing ceremony was also attended by KHCB commercial banking deputy general manager Fuad Taqi, consumer finance head Abdulrahman Al Suwaidi, and mortgage finance product manager Hamad Al Murbati and Ithmaar Development Company investments manager Waleed Adel Ali
"It gives us great pleasure to be collaborating with Ithmaar Development Company for providing property finance solutions to potential unit buyers in Dilmunia Island," Al Meer said.
"The project itself is amazing and investing in Dilmunia is open to both Bahraini and expatriate investors. Potential buyers can apply for property finance at any KHCB branch in Bahrain," he added.
"We are happy to partner with Khaleeji Commercial Bank to offer distinctive home financing solutions for Dilmunia clients," Al Sayed said.
"With KHCB's competitive finance facilities that offer easy options for investing in Dilmunia, we are certain that our clients will find the process of availing property finance is a very smooth and uncomplicated procedure," he added. – TradeArabia News Service