BBK partners with Naseej to launch the ‘Nasayim Arad’ Project

02 Aug 2023

BBK, Bahrain’s pioneer in retail and commercial banking, has announced a new partnership with Naseej, a leading real estate developer, on a joint campaign ‘Nasayim Arad’ to introduce a residential project which consists of 48 land plots with ready title deeds, including villas and plots ranging from 301 to 544 square meters.

This initiative is part of BBK’s commitment in supporting the launch of real estate projects through collaborations with real estate development entities. Ultimately, this endeavor aims to enhance the options made available to citizens, hence contributing to the diversification of the real estate market.

This collaboration is a result of the bank’s continuous efforts to seek new prospects in partnership with the private sector and capitalize on the successes achieved through fruitful alliances with local real estate entities. Furthermore, this partnership signifies the bank’s dedication to offering essential support for innovative and sustainable real estate projects that improve the overall quality of life and provide exceptional, yet affordable, housing choices for all.

“We are pleased to join forces with Naseej, further solidifying our partnership with the real estate sector in the Kingdom. This collaboration underscores our unwavering commitment to fulfilling the bank’s strategic objectives of bolstering economic and social development in the kingdom. Moreover, it reinforces our role as an active participant in facilitating citizens’ access to homeownership, particularly through this project’s housing units.” commented Dr. Adel Salem, General Manager of Retail Banking at BBK.

“BBK is presently introducing tailored financing packages to cater to the requirements of our esteemed customers who aspire to acquire residential units within the ‘Nasayim Arad’ project. These exclusive financing solutions encompass competitive interest rates and flexible repayment terms, designed to align with customers’ needs and affordability. Our aim is to streamline the real estate purchasing and investing process, continuously striving to augment our contribution to the development and prosperity of the Kingdom of Bahrain.”

For his part, Mr. Mohammed AlShaikh, Head of Investments at Naseej, emphasized the significance of this initiative as a testament to the strong collaboration between Naseej and the banking sector, Mr. AlShaikh commended BBK’s track record in delivering effective, convenient, and innovative housing finance programs tailored to the requirements of partners and customers. Furthermore, he acknowledged BBK’s commitment to extending every possible assistance to support the citizens of Bahrain.