29 June 2016
Quick approval of financing application feature of agreement

Riyadh - Cayan Group, the leading property developer in the Middle East, recently signed an agreement with Bidaya Home Finance in Saudi Arabia, to provide financing solutions to their clients. Bidaya Home Finance is a national real estate finance company sponsored by the Islamic Corporation for the Development of the Private Sector (ICD) and the Public Investment Fund of the Ministry of Finance, Saudi Arabia.

"Bidaya Home Finance is a professional and reliable Sharia'a compliant financial institution, we are glad to partner with the institution and increase the financing options to our clients. This partnership with Bidaya is also an enabler of property ownership desires in Saudi Arabia. We are pleased to add more services with reputed partners and will continue to do so in an effort to provide our clients with a complete stress-free service package,'' commented Mr. Ahmed Alhatti, Chairman of Cayan Group.

"Cayan Group is a successful property developer in Saudi Arabia and the Middle East. We are glad to partner with them in offering our services to clients who will be owners iconic, unique, and high-quality residential and commercial properties. We are glad to make property ownership dreams a reality through a combination of our services and Cayan's property development,'' commented Mr. Mazen Al Ghunaim, CEO Bidaya Home Finance.

The agreement between Cayan Group and Bidaya Home Finance, will provide Cayan's clients benefits such as, financing of up to 30 years, approval of submitted applications within days, and other favourable terms. 

About Cayan Group
Cayan Group is a leading international property developers and real estate investment group from the Middle East. The group has offices in Riyadh, Saudi Arabia and Dubai, UAE, and is known in the region for their beautiful and unusual buildings. The Group's buildings have also gained international recognition and acclaim. Begun in 2004, the Group's development portfolio now features high rise buildings, which include residential complexes, commercial towers and centres, hospitality projects and multi-purpose gated communities. For more information, please visit: www.cayan.net/

About Bidaya Home Finance
Bidaya Home Finance headquartered in Saudi Arabia, was established in 2015 and is licensed under the Saudi Arabian Monetary Agency (SAMA. Bidaya Home Finance is sponsored by the Islamic Corporation for the Development of the Private Sector (ICD - Member of the Islamic Development Bank Group), Public Investment Fund along with a cross-section of organizations committed to the delivering home ownership. The company offers professional and reliable Sharia'a compliant financial solutions to both customers and partners. For more info, please visit: https://www.bidaya.com.sa

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