Manama, Kingdom of Bahrain: Edamah Property Management Company (EPMC), a wholly owned subsidiary of Edamah, announced the signing of a lease agreement with Kuwait Finance House - Bahrain (KFH-Bahrain) to operate a branch dedicated to automobile financing at the soon-to-be renovated Sitra Mall. KFH-Bahrain Auto will focus on Auto Finance vehicle financing solutions, serving customers of the Kingdom’s major car dealerships, most of which are located in the area.
EPMC General Manager Waleed Adel Ali said: “We are committed to supporting local communities by carefully selecting strategic partners who can add value to our managed properties and developments. We aim to offer Sitra Mall visitors a comprehensive range of service, shopping and culinary options while benefiting from the mall’s waterfront location. We are pleased to welcome our newest tenant, KFH-Bahrain, who will provide important support services to the motor industry, itself a major contributor to business in the Sitra area.”
KFH-Bahrain Head of Retail Banking Hamed Yousef Mashal said: “We are very pleased to have signed a lease agreement with Edamah Property Management Company in order to set up our Auto Finance branch at Sitra Mall, which is very conveniently placed due to the availability of car dealers and buyers in the area. Opening a customer service center in this strategic location will help us provide special auto financing solutions to our customers as well as strengthen our relationships with the large number of car dealerships in the vicinity, who we will be working with to make our competitive auto financing options more easily accessible.”
KFH-Bahrain is a pioneer in Islamic banking, which was voted Best Islamic Retail Bank and Best Digital Bank Bahrain by Global Banking & Finance Review 2020. The Sitra Mall outlet will be dedicated to serving the bank’s auto financing customers.
For more information, please visit www.edamah.com.
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Media contact:
Amy Vaya
Country Manager – Bahrain
Perceptions
Email: amy@perceptions.me
About EPMC
Edamah Property Management is a newly created professional services firm. We are responsible for destination management for several key industrials, leisure, and commercial destinations, as well as the activation of significant land banks. EPMC offers Property Management, Facility Management and Asset Management services to all asset classes with vast operational experience in the retail, industrial, and leisure (F&B) sectors.
EPMC is now setup to Provide innovative and competitive services to third party property owners, manage and turn around underutilized assets and non-activated land banks and provide leasing, FM and operational consultancy and Best Use studies to assist development teams with the continual development of properties to maximise returns. Working with strategic real estate partners, investors and leading brands from around kingdom, EPMC operates real estate assets across Bahrain with leasable areas under management of more than 4,000,000 sqm.
About Edamah
Bahrain Real Estate Investment Company (Edamah) is the real-estate arm of Bahrain Mumtalakat Holding Company, the sovereign wealth fund of the Kingdom of Bahrain. Incorporated in 2006 to manage and expand an assorted portfolio of real-estate in Bahrain, Edamah has established itself as one of the Kingdom’s leading property developers. With an unwavering commitment to its founding principles of quality, efficiency and sustainability, and in line with the highest standards of transparency and corporate governance, Edamah strives to transform the Kingdom’s diverse and dynamic property sector. Edamah’s portfolio will also include projects in the leisure and entertainment and industrial sectors.
© Press Release 2021
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