Al Baraka, a leading Islamic bank in the Kingdom of Bahrain, has announced that it has signed the third addendum to the housing finance programmes agreement with Eskan Bank. This step incorporates the “Sale of Residential Units Prior to Completion” programme under the framework of their joint co-operation.
Makkah Construction and Development Company has bought 6,986 sq m of land at an auction for SAR980 million ($261 million). The plot, which is in close proximity to the Grand Mosque, is ideal for setting up a mixed-use project featuring a hotel and a mall, it said.
