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Sunday, November 22 - 2009

Sakana, the exclusive sponsor of Technical Seminar at BIPEX 2009

Sakana Holistic Housing Solutions, one of Bahrain's leading Islamic real estate finance companies, has signed an agreement to be the exclusive sponsor of the Technical Seminar on the second day of the Bahrain International Property Exhibition (BIPEX 2009).

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  • At the Signing Ceremony from left Rizwan Mumtaz, Chairman of BIPEX Publicity Committee, Mr. Alsayed, Mr. R Lakshmanan, and Mr. Jameel K. Alawi, Director of Conferences, BSE.
    At the Signing Ceremony from left Rizwan Mumtaz, Chairman of BIPEX Publicity Committee, Mr. Alsayed, Mr. R Lakshmanan, and Mr. Jameel K. Alawi, Director of Conferences, BSE.
The event will be held under the patronage of H.E. Shaikh Khalid bin Abdulla Al Khalifa, Minister of the Prime Minister's Court, from the 14th to 16th of October 2009, at the Bahrain International Exhibition Centre, (BIEC).

Seven high profile speakers are expected to participate during the two sessions at the Technical Seminar, which will begin at 5:00pm on 15 October. 'Real Estate Projects Design and Construction Aspects' and 'Prospects of Affordable Housing Projects in Bahrain' will be topics discussed at the sessions.

Mr. Mohammed Khalil Alsayed, Chairman of the BIPEX Organizing Committee, said:

"Last year the Technical Session was very well received by both local and regional real estate industry players and we expect this year's event to be more informative and enlightening."


"BIPEX consolidates a broad range of exhibitors including; major international developers, master-planners, architectural and engineering firms, both from the GCC and abroad. The Exhibition is a solid platform for networking with other key players and assists to bolster investment deals," he elaborated.

Mr. R. Lakshmanan, Chief Executive Officer of Sakana Holistic Housing Solutions said, "We are pleased to be doing our part to assist in this knowledge sharing experience at BIPEX. Bahrain has proved to be one of the most resilient markets in the GCC during the international financial crisis over the past several months."

Organized by the Bahrain Society of Engineers (BSE), BIPEX is a premium regional annual event which brings investors and leading real estate companies together. In 2008, BIPEX attracted a record number of 13,500 visitors.

The 98 exhibitors included participants from the GCC, the UK, Portugal, India, the Philippines, and Jordan, showcased urban development and infrastructural projects worth a total value of $50bn.
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Notes and media contacts

About Sakana Holistic Housing Solutions:
Sakana Holistic Housing Solutions commenced operations in December 2006 as a dedicated mortgage finance provider in Bahrain, offering a comprehensive range of Sharia'a-compliant mortgage products. Sakana's holistic approach is paving the way for significant change in the Kingdom's mortgage market by making Islamic finance easier to understand and acceptable, as well as making it available to an ever-wider group of customers.

The company demonstrated significant growth since inception and has broadened its holistic focus by adding property consulting and property development to its portfolio.

Sakana is a finance company with paid up capital of BD20m, regulated by the Central Bank of Bahrain and is a 50:50 joint venture between BBK and Shamil Bank.

Note:
This note is intended as a guide only, for journalists regarding the significance of the different terminology for an Islamic lender.

Sakana Holistic Housing Solutions is an Islamic financial institution.

Contact:
Pradnyesh Kothare
Percept Profile Middle East
Tel: +973 17 213133
Fax: +973 17 213134

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