Al Salam Bank Partners with Bareeq Al Retaj to Offer Exclusive Real Estate Financing Solutions

Al Salam Bank, a leading financial institution in the Kingdom of Bahrain, has recently signed a memorandum of understanding (MOU) with Bareeq Al Retaj, one of the foremost real estate developers in the region. This strategic partnership aims to deliver exclusive real estate financing solutions for clients interested in purchasing housing units in the Ras Hayan Village and Wahati projects.

The collaboration between Al Salam Bank and Bareeq Al Retaj offers clients a variety of benefits, including competitive profit rates, a 6-month grace period, and quick approvals. Additionally, clients will enjoy a waiver of administration and valuation fees, along with the opportunity to earn loyalty rewards points. To further enhance the value proposition, clients will have access to complimentary consultations from 'We Invision Design & Execution' and exclusive discounts on home and electronic appliances from AlSalam Gas, Bin Hindi, and Y.K. Almoayyed.

Eligible clients under the Tas'heel scheme will benefit from a waiver on registration fees, as well as free life and fire insurance. Bareeq Al Retaj will also offer furnishing for apartments from Phase 1 of Wahati, in addition to RHA and RA plots in Ras Hayan Village.

Dr. Maher Al-Shaer, Vice Chairman and Managing Director of Bareeq Al Retaj, expressed his enthusiasm for the partnership, stating, 'At Bareeq Al Retaj, we always strive to provide the best real estate solutions that meet the needs and aspirations of our valued clients. Through our partnership with Al Salam Bank, we are excited to offer innovative and accessible financing solutions for buyers in the Ras Hayan Village and Wahati projects. This step aligns with our strategy to provide a unique and modern residential experience in the Kingdom of Bahrain. We are committed to delivering the best services and products that enhance the quality of life for our clients and strengthen our position as a leading real estate development company.'

Mr. Anwar Murad, Deputy Chief Executive Officer of Banking at Al Salam Bank, commented on the partnership, 'At Al Salam Bank, we strive to enrich our clients' banking experience and facilitate their financial goals, enabling us to continuously develop initiatives and offers that meet their needs. We are pleased to partner with Bareeq Al Retaj to deliver flexible and competitive financing solutions that support our clients in purchasing units available in both Ras Hayan Village and Wahati. This strategic step highlights our ongoing efforts to support national aspirations by providing suitable housing units for citizens while also contributing to the Kingdom's housing file.'

Ras Hayan Village, situated on Bahrain's east coast, redefines sustainable modern living embraced by nature. The project includes plots ranging from 212 to 717 sqm, catering to the diverse needs of the Bank's clients. Wahati, located in the heart of Muharraq, in Qalali, offers modern 2 to 3-bedroom apartments with a living room, kitchen, parking, and various facilities, making it an attractive option for potential homeowners.

For more information, visit Al Salam Bank's website at www.alsalambank.com, contact them via WhatsApp at 17005500, or book an appointment with the Bank's virtual branch through Skiplino.

Considering the strategic initiatives and partnerships that Al Salam Bank is undertaking, it is recommended for investors to hold the stock at this time. The bank's focus on innovative real estate financing solutions and customer-centric services positions it well for future growth.