Manama, Bahrain: The National Bank of Bahrain (NBB) recently signed a collaborative agreement with Eagle Hills Diyar (EHD) to provide NBB customers with special offerings for properties within the Kingdom’s iconic waterfront development, Marassi Al Bahrain.

The signing ceremony was held on 18th February 2020 at the EHD Sales Centre in  Marassi Al Bahrain . The agreement will now allow NBB customers to benefit from special offerings on mortgage loans when purchasing properties in Marassi Al Bahrain Development. The agreement was signed by Subah A.Latif Al Zayani, Head of Retail Banking at NBB and Dr. Maher Al Shaer, Managing Director of Eagle Hills Diyar.

Commenting on the occasion, Mr. Al Zayani said, “At NBB we continuously strive to find innovative ways of providing our customers with products and services that meet their needs by offering value added propositions. The signing of this agreement underscores NBB’s commitment towards supporting the real estate sector and is an integral component of the Bank’s strategy. We are pleased to be partnering with Eagle Hills, a world-renowned real estate developer, as through this strategic agreement, we will now be able to provide customers with extended housing solutions at competitive rates, and extend our mortgage loans to prospective buyers, facilitating their purchase of any of the residential units under Marassi Al Bahrain development including complementary property registration charges.”

Also commenting on the occasion, Dr. Al Shaer said, “We are very pleased that through our partnership with the National Bank of Bahrain, Marassi Al Bahrain homeowners and investors can now benefit from special financing solutions. As a highly successful addition to the Kingdom’s real estate sector, we look forward to welcoming NBB customers to the Marassi way of life i.e. true waterfront living.”

Marassi Al Bahrain is a highly distinguished urban development situated in Diyar Al Muharraq, with direct access to major highways and in close proximity to the Kingdom’s central business district. It has a waterfront promenade with an upcoming landmark shopping centre and entertainment destination, cafés and restaurants as well as 4 and 5-star branded hotels.

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About National Bank of Bahrain B.S.C

National Bank of Bahrain B.S.C. (“NBB”), was established in 1957 as Bahrain’s first locally owned bank, incorporated under the laws and regulations of the Kingdom of Bahrain. NBB has grown steadily to become the Kingdom’s leading provider of retail and commercial banking services. With a major share of the total domestic and commercial banking market and the largest network of branches and ATMs, NBB plays a key role in Bahrain’s economy. NBB continues to diversify and develop capabilities to capture business opportunities in the Gulf Region and international markets with the Abu Dhabi and Riyadh branch leading the way in this initiative. NBB is listed publicly on the Bahrain Bourse.

© Press Release 2020

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