Al Salam Bank and Bin Faqeeh ink property finance agreement

MANAMA, BAHRAIN: Al Salam Bank-Bahrain has signed a Memorandum of Understanding with Bin Faqeeh Real Estate Investment Company to offer its competitive property financing facility for buyers of the Alsidra development at Diyar Al Muharraq.

The family-oriented gated community comprises of 452 luxury villas with two to five bedrooms set in lush green gardens with children’s play areas, car parking, and 24-hour CCTV security. Al Salam Bank-Bahrain’s Dari Property Finance scheme is available to all customers for down payments as low as 10%.

Deputy Chief Executive Officer of Al Salam Bank-Bahrain Anwar Murad said: “Al Salam Bank has distinguished itself as one of the preferred choices for property financing solution, helping to make customers’ home ownership dreams come true with competitive rates and flexible terms.

Our 30-year tenure option makes property financing accessible and affordable for families looking to move into their dream homes at Diyar Al Muharraq. In addition to this, customers stand a chance to win a free furnishing amount when they avail of our property financing solution before 30 June 2020.”

Chairman of Bin Faqeeh Real Estate Investment Company Faisal Faqeeh said: “Bin Faqeeh is driven by a vision to deliver quality real estate projects for Bahrain which build communities and provide a complete lifestyle to residents. We have 28 projects in the Kingdom so far and the master-planned gated community, Alsidra at Diyar al Muharraq, is one of our key offerings for Bahraini families of all sizes. We are proud to partner with Al Salam Bank Bahrain to extend flexible financing options to our esteemed customers.”

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