BBK partners with Bareeq Al Retaj to provide facilitated financing solutions

06 Oct 2024

Bank of Bahrain and Kuwait (BBK), the leading retail and commercial bank in Bahrain, has unveiled a strategic alliance with Bareeq Al Retaj, a leading real estate developer based in the Kingdom. This partnership aims to provide streamlined financing solutions at competitive rates for units in the Ras Hayan Village and Wahati apartments.

Under this agreement, BBK customers looking to acquire residential units in these projects can benefit from a flexible down payment scheme, and competitive interest rates.

Mr. Ahmed Taqi, General Manager of Retail Banking at BBK, stated: “We are delighted to announce our strategic partnership with Bareeq Al Retaj Company, aimed at offering convenient, flexible, and competitive real estate financing solutions. This initiative will assist our valued customers in acquiring units in the Ras Hayan Village and Wahati apartments. This collaboration reflects our ongoing commitment to benefiting the citizens of the Kingdom by providing distinguished real estate products that align with customer needs and market trends.”

Mr. Taqi added: “BBK remains dedicated to collaborating with local real estate developers to deliver modern housing options that meet the needs of both citizens and residents at competitive rates. Through such partnerships, we aim to exceed our customers’ expectations and support them in purchasing their ideal homes, underscoring our dedication to prioritizing customer satisfaction.”

Dr. Maher Al Shaer, Vice Chairman and Managing Director of Bareeq Al Retaj stated: “We are pleased to be partnering with BBK, a prestigious local financial institution that will help equip potential buyers with exclusive financing offers at competitive rates for Ras Hayan Village and Wahati projects. At Bareeq Al Retaj, we strive to build our portfolio of partnerships to support the growth of

our residential projects that cater to a variety of lifestyle needs and facilitate ownership for citizens and residents. We are confident that these partnerships solidify our role as a key partner in achieving national aspirations for the local housing file.”

Nestled among the mangroves on Bahrain’s east coast, Ras Hayan Village offers a unique blend of sustainable modern living harmoniously integrated with nature. This development is perfectly suited for nature enthusiasts and community-focused families, featuring RA and RHA plots ranging from 211 to 717 sqm to accommodate various customer needs.

Wahati, located in the heart of Muharraq’s Qalali area, provides easy access to the capital, Diyar Al Muharraq, Amwaj Islands, and numerous entertainment and shopping destinations. The project includes spacious apartments with 2 to 3 master bedrooms, a living room, laundry room, enclosed kitchen, housekeeping room, and parking.

For more details, customers are encouraged to contact 17207774 or visit any of our branches.