Al Salam Bank Partners with Eagle Hills Diyar
Al Salam Bank collaborates with Eagle Hills Diyar to enhance real estate financing options in Bahrain.
Summary
Al Salam Bank has signed an MoU with Eagle Hills Diyar to provide innovative real estate financing solutions, enhancing homeownership opportunities in Bahrain.
In a strategic move to bolster its real estate financing offerings, Al Salam Bank has entered into a Memorandum of Understanding with Eagle Hills Diyar, a prominent real estate developer. This collaboration is set to provide seamless real estate financing solutions for clients interested in owning residential units in Marassi Bay, Marassi Terraces, and Palace Residences. This partnership is a testament to Al Salam Bank's commitment to offering innovative financial solutions tailored to meet the diverse needs of its clientele.
The agreement aims to enhance homeownership opportunities by offering competitive profit rates, a grace period of up to six months, and loyalty reward points. Additionally, clients will benefit from complimentary consultancy sessions to design and execute their home interiors. These offerings are designed to make the financing process more seamless and flexible, empowering individuals, SMEs, and corporate clients to own prestigious residential units.
Mr. Anwar Murad, Deputy Chief Executive Officer – Banking at Al Salam Bank, expressed his enthusiasm for the partnership, stating that it reflects the bank's dedication to providing innovative real estate financing solutions that cater to clients' needs. He emphasized that the collaboration aims to empower a wide range of clients to own their residential units while offering competitive benefits.
Dr. Maher Al Shaer, Managing Director of Eagle Hills Diyar, highlighted the importance of this partnership in providing attractive financing options that meet the needs of individuals and businesses looking to own residential units in their developments. He expressed confidence that this collaboration would facilitate homeownership and further strengthen the real estate sector in Bahrain.
For potential investors, this partnership represents a well-aligned strategic move by Al Salam Bank to expand its real estate portfolio and enhance its market position. With the bank's strong financial standing and commitment to innovation, this collaboration may offer promising growth opportunities in the real estate sector. Therefore, considering the bank's strategic initiatives and market position, the recommendation is to hold the instrument as the partnership may yield positive outcomes in the long term.
Source
Summary
Al Salam Bank has signed a Memorandum of Understanding with Eagle Hills Diyar to offer real estate financing solutions for clients interested in purchasing residential units in Marassi Bay, Marassi Terraces, and Palace Residences in Bahrain. The collaboration aims to enhance homeownership opportunities by providing competitive profit rates, a grace period of up to six months, and loyalty reward points. Clients will also receive a complimentary consultancy session for interior design. Mr. Anwar Murad of Al Salam Bank expressed the partnership's goal to provide innovative financing solutions, while Dr. Maher Al Shaer of Eagle Hills Diyar highlighted the strategic step in offering attractive financing options. This agreement aligns with Al Salam Bank's strategy to enhance its real estate financing offerings and support the housing sector.
