Monday, July 22, 2019

BBK announces a Strategic Partnership with Al-Yal Real Estate

BBK, Bahrain’s pioneer in retail and commercial banking announced today the establishment of a strategic partnership agreement with Al-Yal Real Estate through which BBK will provide mortgage financing to the purchasers of apartments in the Catamaran project.

Al-Yal Real Estate has established its place as a residential and commercial developer in Bahrain since 2008 which aims to generate innovative residential and investment opportunities within the local real estate market. Under the terms of the agreement, customers of the Catamaran project who require funding in the form of mortgage loans will be advised to consider BBK being the end user funding partner..

Mr. Hamad Al-Sadoun from Al Yal Real Estate’s Assistant General Manager and Dr. Adel Salem Head of the Retail Banking Division at BBK.

Announcing the strategic partnership, Dr. Adel Salem, Head of the Retail Banking Division said: “In our continuous efforts to provide our customers with the best services and value offerings, we are pleased to enter into a strategic partnership with Al-Yal Real Estate, a reputable real estate company that has been offering innovative residential solutions which our customers can benefit from. This collaboration will allow customers from all nationalities residing in the GCC who wish to own a property in the Catamaran project to enjoy excellent interest rates and loan terms from BBK.

Mr. Hamad Al-Sadoun, Al Yal Real Estate’s Assistant General Manager said: “This partnership is a positive step towards upholding real estate projects in Bahrain, and we are delighted to initiate this partnership with BBK. This collaboration will create a convenient funding process for our customers to obtain the financing for their property, and we look forward to further collaborations on with BBK in the future.

Customers who are interested to own a residential property in the Catamaran project are welcome to apply for a mortgage loan from BBK.

MOST READ

Yoga for teenagers By Neelanjana Bharadwaj

Teenagers are generally a confused lot as neither are they kids anymore and neither are they adults. In fact with the hormones raging they...

BRAVE 24: London hosts Massive Auction for charity, including Ali memorabilia

BRAVE Combat Federation is not only holding an auction event to empower mixed martial arts in Europe with BRAVE 24: London, set for July...

ThaiMart – Showcasing Thailand’s Authentic Products in the Kingdom of Bahrain

ThaiMart remains on track to open in the fourth quarter of this year in the iconic masterplan Diyar Al Muharraq, one of the most...

VIVA Bahrain launches a portfolio of VAT ready software solutions for SME

VIVA Bahrain has introduced an extensive portfolio of software solutions, designed to enable businesses to accelerate their performance and growth. The new VIVA e-suite...

Realistic Art in a Virtual World: Interview with Najla Al Khalifa

Najla Al Khalifa details her medium of artistic expression and future aspirations in the interview with Bahrain This Week. Art is the only medium that...

The 11th Edition of Bahrain Summer Festival has Returned!

Held under the slogan “Our Year of Celebrations”, the annual festival, is one of the most anticipated events locally and regionally due to its...

Essential Oils and Their Benefits for Your Skin

Essential oils are a great way to improve the vitality and appearance of the skin. Many essential oils have natural properties that benefit skin...

Bahrain Red Crescent Society sends volunteers to a training camp in Italy

Bahrain Red Crescent Society (BRCS) sent a number of its volunteers to participate in the "Youth Camp for Relief and Humanitarian Work", which was...

Global Top Sales Consultant Club 2019

Hyundai honored Hyundai's best sales staff under the title Global Top Sales Consultant Club 2019 for all its distributors worldwide, with a trip to...

Standard Chartered announces exclusive discounts in association with VIVA and Talabat

Standard Chartered VIVA Credit card holders can enjoy 75% off on their Talabat orders. Standard Chartered and VIVA recently announced the exclusive offer of 75%...

Bahrain Airport Company welcomes young Bahraini students on educational tour

In line with its strategy to promote career opportunities at Bahrain International Airport (BIA) and educate young graduates about the new Passenger Terminal Building,...

Bahrain to host first-ever International Horserace

Rashid Equestrian and Horseracing Club's Executive Director, Shaikh Salman bin Rashid Al Khalifa, announced that Bahrain will be officially organising its first-ever international horserace. This...

Jaguar Land Rover Bahrain Marketing Wins Four Retail Marketing Awards at the 2018/19 Jaguar Land Rover MENA Retail Marketing Awards

Euro Motors Jaguar Land Rover strongly positioned itself as the leading marketing specialist by once again receiving multiple awards at the acclaimed 2018/2019 Jaguar...

Gulf Air Reaffirms Commitment to its Workforce Family

Gulf Air, the national carrier of the Kingdom of Bahrain, remains committed to invest in its Bahraini workforce and their career development by providing...

Olympic and world championship campaigns loom for BE13

Bahrain Endurance 13 athletes continued their Olympic qualification and world championship campaign this weekend at the World Triathlon Series race in Edmonton. Ashleigh Gentle...