MANAMA: Al Salam Bank Bahrain will open a new branch at Al Liwan in Hamala.
The announcement follows the signing of a lease agreement between Seef Properties, the developer of Al Liwan, and the bank.
The new branch of Al Salam Bank is set to occupy 329sqm.
Seef Properties chief executive Ahmed Yusuf said: “We are pleased to welcome Al Salam Bank, one of the leaders of Islamic banking in the kingdom at Al Liwan.”
Al Salam Bank-Bahrain group chief executive Rafik Nayed said: “The launch of the new branch comes in line with our expansion strategy and ongoing commitment to providing an unparalleled customer experience. Owing to its strategic location in the Northern Governorate, the new branch in Al Liwan will provide our clientele from across the kingdom easy access to the bank’s comprehensive range of products and services.”
Occupying 122,000sqm, Al Liwan overlooks the Wali Al Ahd Highway and features 136 commercial outlets including bank branches, shops, restaurants, coffee shops, sports and entertainment destinations, a seven-screen cinema and a gym.
Inspired by Bahrain’s Arab culture, the name Al Liwan means the spacious hall that was used for receiving guests in traditional houses.
The development will also feature 117 residential units spread over three storeys.
It also includes open areas, green spaces, waterfronts and boulevards.
The project is being developed by Lama Real Estate Development, a joint venture company of Seef Properties.
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