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Diyar Al Muharraq signs MoU with Al Salam Bank

June 7, 2021
bankingreal estate

Diyar Al Muharraq, one of the largest real estate companies in the Kingdom of Bahrain, has announced signing a Memorandum of Understanding (MoU) with Al Salam Bank to provide exclusive financing offers to buyers interested in purchasing property in any of the masterplan’s projects, extending to citizens as well as expatriates looking to invest in freehold projects. The agreement was signed by Mr. Anwar Murad, the Deputy CEO of Business at Al Salam Bank, and Eng. Ahmed Ali Alammadi, CEO of Diyar Al Muharraq, in the presence of Dr. Maher Al Shaer, Chairman of the Executive Committee of Diyar Al Muharraq, and a number of managers from both parties.

The MoU outlines the provision of special financing offers from Al Salam Bank on all projects within the Diyar Al Muharraq masterplan, with special emphasis on the Mozoon residential plots project. This partnership comes as part of Diyar Al Muharraq’s ongoing commitment to provide housing solutions to all customer segments, to support their investment goals, whether residential or commercial.

Commenting on the occasion, Mr. Anwar Murad, the Deputy CEO of Business at Al Salam Bank stated: “Al Salam Bank has always distinguished itself through the diversity and flexibility of its financing solutions, particularly with its property financing facilities. Accordingly, we are pleased to announce our partnership with Diyar Al Muharraq in a mutual effort to support those who are interested in residential and commercial investment, through the provision of competitive profit rates, and flexible financing terms.”

Chief Executive Officer of Diyar Al Muharraq, Eng. Ahmed Ali Alammadi added, “We are pleased to enter this agreement with Al Salam Bank, which will ultimately enable potential residential and commercial investors to finance their properties in Diyar Al Muharraq with ease. This initiative comes as part of our ongoing commitment to develop the economy of our Kingdom, by providing investment solutions that drive growth and development.”

Diyar Al Muharraq is one of the largest integrated cities in the Kingdom, offering a variety of housing solutions and a luxurious modern lifestyle while persevering the core family values in Bahraini society. It offers a unique, balanced mix of residential, commercial, recreational, and healthcare facilities, creating a fully integrated and futuristic model city.