Sakana offers mortgages for Porta Reef

As a preferred mortgage provider, Sakana will offer its unique and innovative range of Sharia'a-compliant products and services in order to facilitate the purchase of apartments in the Porta Reef development to buyers of all nationalities from Bahrain, the GCC and the wider international community.

Mr. Fawaz Ali Al Jowder, Chairman of Porta Reef, said that Sakana and Porta Reef will be working closely to make the dream of living in Porta Reef, an idyllic location on the southern part of Reef Island with sea views over the Gulf, a reality.

'Sakana's mortgages will allow more people to access our quality lifestyle, overlooking the azure seas of the Gulf, strategically located for access to the city and major road networks'.

Mr R. Lakshmanan, CEO of Sakana, added:

'Our innovative mortgage solutions and customer focused service make sure that buyers feel confident in purchasing a property using mortgage finance. The company's growing range of financial solutions for homeowners mean that more people can now enjoy an island lifestyle in this community which will add a new dimension to city living'.

As Bahrain positions itself as a hub of international property investment, indicated by the increasing pace of property development, this partnership agreement builds on over a dozen similar agreements already signed by Sakana with many of the Kingdom's leading developers.

It will further enhance the appeal of Sakana's innovative home financing packages, which have been tailored to meet the needs of a range of property investors.