ALARGAN Bahrain signs financing agreement with Al Baraka Islamic Bank


Alargan Bahrain has signed a partnership agreement with Al Baraka Islamic Bank to provide exclusive financing for the purchase of residential units in Beyout Alargan villas located in the Jeyoun community development at Bu Quwah in Bahrain.

With this financing scheme Bahrainis and GCC nationals will be able to own a home in the project by making a 5% down payment and pay the first installment six months later, so families can begin enjoying their new homes immediately.

Khalil Saleh,  general manager of Alargan Bahrain said, “With this new financing scheme, buyers can move immediately to their new homes and enjoy the unique lifestyle. The culturally rooted yet modern designs of these villas are developed to help their residents live the life they love in a safe and friendly environment. We are glad to have partnered with Al Baraka Islamic Bank in catering to the future residents of the unique Beyout Alargan villas.”

Mohammed Al Mutaweh, board member and chief executive of Al Baraka Islamic Bank said, “We are delighted to demonstrate our active partnership with the private sector to provide financing facilities for housing projects in our kingdom and provide housing units for Bahrainis and GCC nationals. The agreement comes in line with our efforts to partner with trusted companies and offer customers with convenient and accessible solutions to serve their needs.”

The project consist of 30 modern design villas around a scenic park and the Argan Village centre, the villas feature an architectural design that mixes contemporary elements with traditional Bahraini style. The five layouts varying in size feature ample windows and modern defined spaces designed to attend to the needs of the homeowner, reflecting and complementing the modern family lifestyle of their residents by allowing flexibility in the spaces and granting the opportunity for spatial and functional changes.

Beyout Alargan villas are located in the Jeyoun community which comprises a 3,146sqm public garden and the award-winning and first commercial centre, Argan Village, covering over 11,315sqm.

The post ALARGAN Bahrain signs financing agreement with Al Baraka Islamic Bank appeared first on bizbahrain.


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