Bahrain – **
Kuwait Finance House – Bahrain (KFH-Bahrain), one of the leading Islamic banks in the Kingdom, has signed an agreement with Kooheji Real Estate, one of the largest real estate developers in Bahrain, to provide off-plan financing for customers interested in owning an apartment in ‘One Bahrain Bay’ project which is expected to be completed by March 2022. This agreement comes as part of a strategic partnership between the two companies to meet the needs of clients interested in Kooheji’s projects.
The signing ceremony was held at KFH-Bahrain’s headquarters on Sunday 24th of November in the presence of Mr. Khalid Al Maarafi, Executive Director and Head of Retail Banking Group at KFH-Bahrain and Eng. Mohammed Abdul Ghaffar Al Kooheji, General Manager of Kooheji Real Estate, as well as a number of officials from both companies.
“At KFH-Bahrain we are always seeking new and rewarding partnerships with leading real estate developers in the Kingdom and we are pleased to announce our partnership with Kooheji Real Estate. We strive to continuously meet the needs of those looking to own a residential unit in the most prestigious real estate projects,” commented Executive Director and Head of Retail Banking Group at KFH-Bahrain, Mr. Khalid Al Maarafi.
“This agreement is one of a series of collaborative efforts with Kooheji Real Estate, and we aspire to grow this relationship to benefit our valued customers from KFH-Bahrain and all interested parties in One Bahrain Bay project,” concluded Mr. Khalid Al Maarafi.
The Business Development Department of KFH-Bahrain worked to craft an Islamic-Financing solution in order to help clients own their new homes at One Bahrain Bay. Now that the solution became available, both KFH-Bahrain and Kooheji Real Estate are more than welcome to assist potential buyers and investors.
“We are pleased to partner with KFH-Bahrain, as this agreement marks the beginning of a strategic partnership to offer off-plan financing to Kooheji Real Estate’s clients in our current and future projects. This partnership comes as part of our efforts to provide special financing to those wishing to invest in One Bahrain Bay project, which is considered one of the most
distinguished projects of Kooheji Real Estate and a new distinctive imprint in Bahrain Bay. It provides a unique luxurious lifestyle due to its strategic location, competitive prices, distinctive unit designs, luxurious furnishing, 5-star resorts’ facilities and it also features a world-class services all within the 10,000 square meter residential tower” commented Eng. Mohammed Abdul Ghaffar Al Kooheji, Managing Director of Kooheji Real Estate.
The project commenced in May 2018, with a built-up area of 125,977 square meters. It houses 1,073 luxury apartment ranging from one to three bedrooms. In addition, the One Club exclusive residences club is considered the ideal place for attending to business needs, socializing and relaxing. It includes a state-of-the-art health club, Infinity pool, meeting area, business centre and a host of many other facilities.