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FINANCIAL NEWS
Bin Faqeeh, Ithmaar sign USD45m deal
04 May 2014
(MENAFN) Bin Faqeeh Real Estate Investment Company has recently signed a USD45 million worth deal on a residential apartment project, following the sale of major plots on the landmark Dilmunia in Bahrain, according to Gulf Daily News.
The project will be one of the largest projects of its kind in the region, and will extend over 125-hectare man-made island.
Dilmunia is a project of master developer Ithmaar Development Company (IDC).
The agreement was signed between IDC chief executive Mohammed Khalil Alsayed and Bin Faqeeh Real Estate Investment Company chairman Faisal Abdulwahid Faqeeh.
Alsayed said: “Being a prominent real estate developer in Bahrain, with a large number of successful projects already built and in use, we are confident that they will fit in well among the world-class developments that Dilmunia is attracting.”
More News
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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