Friday 29 May 2020

KFH-Bahrain in consumer financing deal for Golden Gate

MANAMA, August 18, 2019

Kuwait Finance House, a leading Islamic bank in Bahrain, is collaborating with Golden Gate to provide off-plan consumer financing for its freehold residential tower at Bahrain Bay.
The project, situated in the heart of Bahrain Bay, consists of two towers containing 746 luxurious apartments and it is set to be the highest residential tower in Bahrain. It features residential, commercial, retail, tourism, and public amenities, all cooled from an innovative and environmentally sound central facility.
Khalid Marrafi, executive manager and head of retail banking group at KFH-Bahrain, said: “Our collaboration with Golden Gate comes in line with the bank’s efforts to provide suitable financing for our customers who wish to own their dream apartments, in addition to supporting future real estate projects in Bahrain. We look forward to continue this approach and expand our partners' base in the future.”
Khalifa Ahmed AlQoud, head of Signature segment at Golden Gate, said: “Golden Gate is considered the first international joint venture partnership between Kooheji Golden Gate and India’s Ajmera Realty and Mayfair Housing, and we are proud to be in partnership with Kuwait Finance House - Bahrain, one of the leading establishments in the region with a long-standing history of innovation and professionalism. Golden Gate is set to become a leading landmark in the region and create value to owners and residents, as well as being a means of attracting foreign investments to Bahrain.” – TradeArabia News Service


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