NBB seals strategic deals with top developers at Bahrain summit
The summit which concludes tomorrow (April 25) at the Exhibition World Bahrain (EWB) has gathered key industry stakeholders to collaborate on advancing national housing ambitions.
NBB formalised the MoUs at its dedicated stand with ERA Real Estate, Kayan Real Estate, Delmon Gate, Best Location Properties, and Al Janabiya Gate.
The agreements aim to offer social housing beneficiaries access to a broad range of property options backed by NBB's financing solutions such as its new Tas'heel+ product, said the bank in a statement.
The Bank will work closely with each company to facilitate hassle-free purchase experiences for customers throughout their homeownership journey, it stated.
Through these collaborations, the Bank will further expand its mortgage finance portfolio to offer a more diversified pool of properties aligned with the financing needs of prospective buyers, it added.
Speaking on the occasion, Subah Abdullatif Al Zayani, Chief Executive – Retail Banking at NBB said: "We are pleased to sign these agreements, each reflecting a shared commitment to simplify property acquisition for eligible customers under social housing schemes. By combining our financing and advisory expertise with the market presence of our partners, we are building a more efficient and responsive ecosystem that supports homeownership aspirations across the Kingdom.'
These MoUs underscore NBB's strategic approach to streamline financing for qualified buyers of government-backed projects and bring them closer to a network of trusted real estate providers, he stated.
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