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Sunday, November 22 - 2009

Sakana to inspire young innovative minds at YO!

Sakana Holistic Housing Solutions, one of Bahrain's leading Islamic mortgage finance companies, has confirmed sponsorship of the 'YO! M-AD', a creative contest that will challenge young innovative minds to make an advertisement for the Sakana brand at YO! 09', Bahrain's first Inter-University Youth Festival.

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  • Mr R Lakshmanan and Sarva Velamuri.
    Mr R Lakshmanan and Sarva Velamuri.
More than 10 universities are expected to participate in the two-day festival being organized by 'Out of the box' and hosted at NYIT on 14th and 15th November 2009.

Sakana will provide the YO! M-AD contestants with a challenging brief to create an interesting ad for their brand. The winners will be awarded trophies and certificates.

Mr Lakshmanan, CEO of Sakana, said:
"We are delighted to be first sponsor on board to sign an agreement to confirm our sponsorship of the YO! M-AD contest, the first of its kind in the Kingdom of Bahrain. Sakana is an ethical Sharia'a-compliant mortgage provider which aims to attract customers with its unique suite of products ideally suited to today's lifestyles. We believe this competition will be an interesting challenge for the participants and will help to create a better understanding of our brand among the youth in Bahrain."


Sarva Velamuri, Managing Director, of 'Out Of The Box' Bahrain, said, "Sakana was the first company to confirm their sponsorship of the YO! M-AD contest. This demonstrates Sakana's interest to encourage and promote the young talented Bahraini community and at the same time support the Inter-University Youth Festival."

The Inter University Youth Festival, which is the first of its kind, aims to create an ideal platform for the youth of Bahrain to get closer to each other and provide the participating universities an opportunity to showcase their talent and take pride in their students.
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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 in its first year of business and has broadened its holistic focus by adding property consulting and property development to its portfolio.

Sakana is a finance company regulated by the Central Bank of Bahrain and is a 50:50 joint venture between BBK and Shamil Bank.

For press information contact:

Neena Punnen
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

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