The Juffair-based tower, developed by Cooperation Investment House, offers quality apartments on a freehold basis with extensive facilities.
Mr R. Lakshmanan, CEO of Sakana, said: "Our intention is to develop strong ties within the property market which will simplify the buying process. This agreement sees us move ahead in the middle income market where we are confident of strong demand."
Sakana's unique range of Sharia'a-compliant products and services will be available to investors of all nationalities interested in the purchase of a Gardenia residence.
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Sakana and Al Fateh sign Islamic mortgage agreement for Gardenia
- Bahrain: Wednesday, September 12 - 2007 at 09:29
- PRESS RELEASE
High-rise living is within the sights of a greater number of buyers after the recent signing of a preferred Islamic mortgage finance agreement between the Sakana Holistic Housing Solutions and Al Fateh Towers - Gardenia.
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Notes and media contacts
For more information on mortgage finance, call Sakana on 17 20 19 20.About Sakana Holistic Housing Solutions
Sakana Holistic Housing Solutions BSC © extends a unique range of Sharia'a-compliant products and services that enable and ease the process of home ownership in the Kingdom of Bahrain. The company offers a unique mortgage financing model as well as access to a network of partners offering housing-related services such as architects and real estate companies.
Underpinned by values of spirituality, Sakana works in partnership with its customers and its value networks to create quality and innovative housing solutions that are customized to address specific and market needs.
Sakana is a 50:50 joint venture between BBK (formerly Bank of Bahrain and Kuwait) and Shamil Bank. The Board of Sakana Holistic Housing Solutions comprises five members with two representatives each from Shamil Bank and BBK and one independent director.
Issued on behalf of Sakana by Hill & Knowlton.
For press information contact:
Fiona Clark
Hill & Knowlton
Tel: +973 17 53 35 32
Fax: +973 17 53 33 70
Haya Khalil
Sakana Holistic Housing Solutions BSC
Tel: +973 17 20 19 37
Fax: +973 17 21 46 63
Posted by Medilyn Manibo, Assistant News EditorWednesday, September 12 - 2007 at 09:29 UAE local time (GMT+4)
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