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KHALEEJI COMMERCIAL BANK SIGNS MOU WITH BUROOJ PROPERTIES DEVELOPMENT


KHALEEJI COMMERCIAL BANK SIGNS MOU WITH BUROOJ PROPERTIES DEVELOPMENT
Providing Innovative Islamic Financing Solutions to Customers Interested in Buying Residential Units


Manama – The Kingdom of Bahrain, 01 September 2017: Khaleeji Commercial Bank (KHCB), one of Bahrain’s leading Islamic banks, recently announced the signing of a Memorandum of Understanding (MoU) with Burooj Properties Development Company.  With the signing of the memorandum, KHCB will provide potential buyers with customized financial solutions for the purchase of residential units in the upcoming Burooj Residence project located in Amwaj Islands, as well as the ‘Ivory Tower’ located in Juffair.

Commenting on this occasion, Mr. Khali Al Meer, KHCB CEO said “KHCB continuously works toward strengthening the relationship with real estate providers in the Kingdom of Bahrain. This comes as part of our commitment in providing and assisting citizens and potential customers with financial solutions that cater to their needs and suit their financial abilities, in terms of convenient housing facilities.”

He added “KHCB has currently signed various MOUs with a number of local real estate developers to provide personalized financial housing solutions. This move taken by the bank has proved extremely beneficial for potential customers where a variety of real-estate purchases have been funded by the bank through well-thought out and strategic financing techniques that comply with the Shari’a principles.”

On behalf of Burooj, Mr. Mahmood Khalid Mahmood, the Managing Director of Burooj Properties Development said, “We are delighted to sign this partnership with KHCB, and we look forward to meeting the customers’ expectations in providing them with premium quality residential units at affordable prices”.

Mr. Mahmood added, “The 21 floor Burooj residence project located in Amwaj Islands and the 28 floor ‘Ivory Tower’ located in Juffair , both consist of reception halls  as well as many state-of-the-art amenities like swimming pools, gardens, gyms, recreational facilities , latest cutting edge elevators and parking lots costing a total of 14 million Bahrain Dinars”.

For more information on how to apply for KHCB’s Financing Solutions, contact the call center on 17540054 or visit any of KHCB’s branches.