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Friday, November 13 - 2009

Al-Amin signs USD12 million Murabaha contract with Reef

Al-Amin Bank signed a two years contract with Reef - Real Estate Finance Company on the 1st of March 2007.

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  • Exchanging documents during the signing ceremony are Mr. Mohamed Al-Mutaweh, General Manager & Board Member of Al-Amin Bank and Dr. Khalid Abdulla, General Manager of Reef.
    Exchanging documents during the signing ceremony are Mr. Mohamed Al-Mutaweh, General Manager & Board Member of Al-Amin Bank and Dr. Khalid Abdulla, General Manager of Reef.
After one year of operations Reef has been recognized as the "Best Finance House in Bahrain 2006" in the Islamic Real Estate Finance (IREF) awards ceremony held by ICG in Burj Al Arab, Dubai.

During the signing ceremony, Dr. Khalid Abdulla, CEO of Reef emphasized,

"Reef is proud to deal with such a distinguished organization, and views this as the starting point of long term cooperation on many levels."


From his end, Mr. Al-Mutaweh, GM & Board Member of Al-Amin expressed that, "The booking of this facility should be seen as a closer step towards solidifying the relationship between Al-Amin Bank which is a member of Albaraka Banking Group and Reef, especially in-light that Reef is in the process of geographically spreading its reach and presence in markets where Albaraka's network is already present. Obviously this signing clearly exhibits Al-Amin's sincerity in strengthening its ties with Reef and hopefully, Al-Amin will continue exploring new opportunities of mutual cooperation."
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Notes and media contacts

Dana Al Haddad
Marketing Manager
Tel: (+973)17 586 363
Dir: (+973)17 586 373
Fax: (+973)17 580 434

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