Kuwait Finance House - Bahrain (KFH-Bahrain), one of the leading Islamic banks in the Kingdom of Bahrain, has recently signed a Memorandum of Understanding (MOU) with Kadi Group, one of the most prominent local real-estate development companies, to provide the Bank’s customers with financing for those wishing to invest or reside in the Burj Kadi project, the exceptionally luxurious freehold real-estate development projects located in Juffair. 

The signing ceremony was held at KFH-Bahrain’s headquarters and attended by Mr. Khalid Al Maarafi, Executive Manager and Head of Retail Banking Group at KFH-Bahrain and Mr. Saleh Ebrahim Nasser Al Fudhala Chairman at Kadi Group, along with a number of officials from both parties.

 “We value our partnership with Kadi Group, which comes in line with our efforts to support the growth of real estate projects in the Kingdom of Bahrain, in addition to facilitating the process of owning luxury housing units for all those who wish to invest in them. We look forward to having more fruitful partnerships in the future with a number of local real estate developers.” commented Mr. Khalid Al Maarafi, Executive Manager and Head of Retail Banking Group at KFH-Bahrain.

“We would like to thank KFH-Bahrain for its continued cooperation and providing real estate financing services for all who wish to take advantage of the amazing real estate opportunities available in Burj Kadi, which contributes to ensuring the ultimate ease in living for residents that enjoy a modern and luxurious lifestyle,” commented Mr. Saleh Ebrahim Nasser Al Fudhala Chairman at Kadi Group.

Mr. Fudhala added: “The investment value of the freehold development project is worth $62.4 million, and consists of 39 levels, with six dedicated parking lot levels. The building also includes 359 apartments ranging from studios to single-bedroom, two-bedroom and three-bedroom apartments, in addition to four spacious executive sky villas on the top floor of the building. The project is expected to be completed in December 2021”

The Business Development Department at KFH-Bahrain has established an Islamic financing scheme to enable customers to own their new homes in Burj Kadi. Inlight of this offering, KFH-Bahrain and Kadi Group welcome both buyers and investors to take this opportunity and apply for financing.

The project comprises the finest amenities including, swimming pools, multi-purpose halls, a fitness center and mini golf course, Squash court, coffee shop, Restaurant, alongside a day care center, children’s play area, mini cinema, as well as a deluxe spa to name a few.