MANAMA: Diyar Al Muharraq has signed an agreement with Al Salam Bank Bahrain to provide exclusive financing offers for purchasing property in the man-made island city.

The memorandum of understanding (MoU) was signed by the bank’s deputy chief executive Anwar Murad and Diyar Al Muharraq chief executive Ahmed Alammadi, in the presence of Dr Maher Al Shaer, chairman of the executive committee of Diyar Al Muharraq, and a number of key officials from the two companies.

The MoU outlines the provision of special financing offers from Al Salam Bank on all projects within the Diyar Al Muharraq masterplan, with special emphasis on the Mozoon residential plots project. Financing will be provided to citizens and also expatriates looking to invest in freehold projects.

Mr Murad said, “We are pleased to announce our partnership with Diyar Al Muharraq in a mutual effort to support those who are interested in residential and commercial investment, through the provision of competitive profit rates, and flexible financing terms.”

Mr Alammadi said the initiative is aimed at enabling “potential residential and commercial investors to finance their properties in Diyar Al Muharraq with ease”.

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