Khaleeji Bank Signs MoU with ASK Real Estate to Provide Financing Solutions for Phase 2 of the Beaut Al Budaiya Project

Khaleeji Bank Signs MoU with ASK Real Estate to Provide Financing Solutions for Phase 2 of the Beaut Al Budaiya Project

Khaleeji Bank, one of the leading Islamic banks in the Kingdom, has recently signed a Memorandum of Understanding “MoU” with ASK Real Estate, the prominent Bahraini real estate service company. This partnership marks a significant milestone in the 2nd development phase of the “Beaut Al Budaiya” project, an ambitious initiative aimed at creating a sustainable city in Budaiya’s coastal area. Under this memorandum, Khaleeji Bank and ASK Real Estate will collaborate to provide financing solutions for the “Beaut Al Budaiya” project, the first of its kind in Bahrain. The project features residential villas designed per international standards and offers an integrated modern city and a vibrant community. This project is primarily aimed at Bahraini citizens eligible for the “Mazaya” social housing program and offers a range of reasonably priced residential villas, including 4- and 3-bedroom units of various sizes and designs, catering to the needs of contemporary Bahraini families in a modern and sophisticated residential unit.On this occasion, Ms. Ameera Ahmed Al Abbasi, Head of Retail Banking at Khaleeji Bank, stated “The “Beaut Al Budaiya” project perfectly aligns with our unwavering dedication to delivering innovative and sustainable housing solutions to our valued clients. By partnering with ASK Real Estate