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CONSTRUCTION NEWS

NBB inks major finance deal with Eagle Hills Diyar

Mar 8, 2020 8:05 PM

The National Bank of Bahrain (NBB) has signed a collaborative agreement with Eagle Hills Diyar (EHD) to provide NBB customers with special offerings for properties within the kingdom s iconic waterfront...

The National Bank of Bahrain (NBB) has signed a collaborative agreement with Eagle Hills Diyar (EHD) to provide NBB customers with special offerings for properties within the kingdom’s iconic waterfront development, Marassi Al Bahrain.

Marassi Al Bahrain is a highly distinguished urban development situated in Diyar Al Muharraq, with direct access to major highways and in close proximity to the Kingdom’s central business district. It has a waterfront promenade with an upcoming landmark shopping centre and entertainment destination, cafés and restaurants as well as 4 and 5-star branded hotels.

The agreement will now pave the way for NBB customers to benefit from special offerings on mortgage loans when purchasing properties in Marassi Al Bahrain Development.

The signing of this agreement underscores NBB’s commitment towards supporting the real estate sector and is an integral component of the bank’s strategy, remarked Subah A.Latif Al Zayani, Head of Retail Banking at NBB after signing the deal with Dr Maher Al Shaer, Managing Director of Eagle Hills Diyar.

"At NBB we continuously strive to find innovative ways of providing our customers with products and services that meet their needs by offering value added propositions," he stated.

"We are pleased to be partnering with Eagle Hills, a world-renowned real estate developer, as through this strategic agreement, we will now be able to provide customers with extended housing solutions at competitive rates, and extend our mortgage loans to prospective buyers, facilitating their purchase of any of the residential units under Marassi Al Bahrain development including complementary property registration charges," he added.

On the key partnership, Dr Al Shaer said: "We are very pleased that through our partnership with the NBB, Marassi Al Bahrain homeowners and investors can now benefit from special financing solutions."

"As a highly successful addition to the Kingdom’s real estate sector, we look forward to welcoming NBB customers to the Marassi way of life i.e. true waterfront living," he added.-TradeArabia News Service

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