NEWS

BBK announces strategic partnership with Diyar Al Muharraq to provide mortgage financing for two of their newest projects

30 Jun 2021

BBK, Bahrain’s pioneer in retail and commercial banking, announced today a strategic partnership with Diyar Al Muharraq, , through which BBK will provide special mortgage financing to interested customers in any of Diyar Al Muharraq’s latest projects: Naseem Villas and Mozoon Plots.

Located in the northern edge of the city of Muharraq and one of the biggest development projects in the Kingdom, Diyar Al Muharraq is an oasis of tranquility, offering a variety of residential, commercial and hospitality projects surrounding the coastal area. Under the terms of the partnership, customers will be eligible to take advantage of BBK offering as the end user funding partner should they require funding to purchase a residential property from Diyar Al Muharraq’s projects.

Announcing the strategic partnership, Dr. Adel Salem, General Manager of the Retail Banking Division at BBK commented: “At BBK, we strive to provide our customers with solutions that cater to their lives and the goals they’ve set out to achieve. We understand the importance of owning a property and the vital role BBK plays in this process and with that, we are delighted to announce our strategic partnership with Diyar Al Muharraq, a leading real-estate developer in Bahrain which has been in the business of developing a fully integrated model city with housing as well as commercial solutions which our customers can benefit from.  In return, customers from all nationalities residing in the GCC who wish to own a property in any of Diyar Al Muharraq’s projects with special emphasis on the Naseem Villas project and the Mozoon residential plots project will enjoy excellent loan terms and repayment structures at a very competitive interest rates from BBK, aside from the amazing banking facilities that BBK offer to its customers”.

Customers who are interested to purchase a villa from the Naseem Villas project or a plot from the Mozoon residential plots project are welcome to apply for a mortgage loan with BBK and may contact the Call Centre on 17207777 and BBK employees will be pleased to be of assistance.

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