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Sunday, December 6 - 2009

Riffa Views & Reef Real Estate Finance Company in cooperation deal

  • United Arab Emirates: Monday, November 27 - 2006 at 13:14
  • PRESS RELEASE

Riffa Views Signature Estates has endorsed Reef Real Estate Finance Company as one of its selected mortgage financers, following a recently concluded cooperation agreement.

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  • Richard Browning - CEO Riffa Golf and Residential Development Company signs a Memorandum of Understanding with Dr Khalid Abdulla, CEO, Reef Real Estate Finance Company.  Also present were A.Nasser Abdul Rahman, Chief Business Officer and Amin Al Arrayed, Head of Business & Placement, Reef Real Estate Finance Company.
    Richard Browning - CEO Riffa Golf and Residential Development Company signs a Memorandum of Understanding with Dr Khalid Abdulla, CEO, Reef Real Estate Finance Company. Also present were A.Nasser Abdul Rahman, Chief Business Officer and Amin Al Arrayed, Head of Business & Placement, Reef Real Estate Finance Company.
According to Richard Browning, Chief Executive Officer of Riffa Golf and Residential Development Company, the agreement enables home buyers who are planning to purchase property in Riffa Views Signature Estates to obtain information about the property buying process as well as learn about different mortgage packages and the range of financing facilities available from Reef Real Estate Finance Company.

"This agreement allows prospective customers - of all nationalities - to benefit from expert guidance from Reef's specialist mortgage advisors on Sharia'a compliant options for mortgage financing, and it also offers a fast-track mortgage application process," said Mr Browning. "This represents yet another customer service enhancement and further paves the way for prospective homeowners to realize the highly sought after Riffa Views Signature Estate lifestyle."

"Reef Real Estate Finance Company is delighted to have become one of Riffa Views' selected mortgage financers. We look forward to supporting the development by providing a full service for potential home owners that presents the broadest range of Sharia'a compliant financing options and a comprehensive choice of mortgage packages,"


added Dr Khalid Abdulla, Chief Executive Officer of Reef Real Estate Finance Company.
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About Riffa Views Signature Estates
Riffa Views is a joint venture between Arcapita and Bahrain International Golf Course Company (BIGCC) and is the first golf residential development in Bahrain. The 972-villa project is a master planned concept for a luxurious community lifestyle that will provide a comprehensive range of sports, leisure and shopping facilities, including an 18-hole signature championship golf course designed by the top international golf pro, Colin Montgomerie. Riffa Views Signature Estates will also feature a country club, a tennis facility in association with tennis great Boris Becker, a high-end retail centre, and an international school managed by an International School Operator.

About Reef - Real Estate Finance Company BSC
Reef - Real Estate Finance Company B.S.C was established with a paid up capital of BD 20 million in September 2005, under the regulatory guidelines set by the Central Bank of Bahrain. Reef operates as a Shariah compliant keystone organization providing a stable platform for the networking and development of resources that will service the real estate finance market on a local and regional level.

Reef's efficient, quality-driven business model offers real estate financing for retail, commercial, and investment purposes. Our real estate finance solutions are based on sound mortgage lending principles, delivered within a trusted and value adding advisory model, giving clients increased access to real estate solutions that meet their needs throughout the key stages of their lives.

Issued on behalf of Riffa Views by Hill & Knowlton. For press information contact:
Lorna Damiani
Hill and Knowlton
Tel: +973 17533532
Fax: +973 17533370

Hugh O'Shea
Riffa Golf & Residential Development Co
Tel: +973 17757999
Fax: +973 17757990

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