Burj Kadi secures funding from AIB-Bahrain
High-rise tower will feature different types of units ranging from studios to villas
Al Baraka Islamic Bank (AIB-Bahrain) has signed a property financing agreement with the Kadi Group, which will see the bank provide property finance solutions for potential and existing buyers of units in the Burj Kadi residential project.
The signing ceremony was held at the Al Baraka Islamic Bank headquarters in Bahrain Bay, in the presence of Tariq Kazim, GM – Business Group of AIB-Bahrain, and Saleh AlFadhala, chairman of Kadi Group, along with other prominent officials.
As per the agreement, the bank will provide financing facilities to prospective customers who plan to purchase properties in Burj Kadi, by providing them with property financing at competitive rates.
“It gives us great pleasure to be collaborating with the Kadi Group for providing property finance solutions to potential unit buyers in Burj Kadi. Interested investors can apply for property finance at any AIB-Bahrain branch in the Kingdom. The Kadi Group is a well reputed property development company in Bahrain and we are very pleased with the quality of work currently in progress on the project. We are thereby excited for what the future holds for the potential residents of Burj Kadi and are glad to be a part of this substantially beneficial alliance,” said Kazim.
Burj Kadi is a $58 million luxury high-rise, freehold development that is being built in Juffair, Bahrain on the Shaikh Khalifa Highway. Once complete, the project will be 40 storeys tall and will comprise 359 residential apartments.
Saleh AlFadhala added, “We are highly delighted and proud to start a new venture with Al Baraka Islamic Bank and we appreciate the bank for approving the property financing for Burj Kadi to its prospective and existing buyers.”
