Seef Properties, one of the leading integrated real estate development companies in the Kingdom of Bahrain, recently announced that it has signed a leasing agreement with the Bank of Bahrain and Kuwait (BBK). The agreement stipulates the establishment of a BBK branch in Al Liwan Project, one of the promising projects being developed by Seef Properties through Lama Real Estate W.L.L in Hamala area in the Northern Governorate.
With the signing of this agreement, BBK will open its 22 branch in the Kingdom and it will occupy more than 200 square meters within Al Liwan Project. The new branch is anticipated to open within the next few months, whilst interior decoration and finishing works are currently under progress.
Sealing this deal between Seef Properties and BBK comes within the Company’s efforts exerted to reinforce this prestigious project with most of the basic services for its visitors, including banking services that are considered as one of the essential elements in the lives of citizens and residents today. Establishing this branch will contribute to boosting the leading position of Al Liwan Project, which offers a unique combination of housing, entertainment, and hospitality services in a contemporary environment for residents and tourists.
BBK was established in 1971 and it began its operations the following year, becoming one of the largest commercial banks in the Kingdom of Bahrain and succeeding in building a prestigious name, reputation, and a strong local presence, through a network of financial malls, branches and ATMs that cover all parts of the Kingdom.
The Bank provides a package of comprehensive lending, deposit, treasury, and investment services for various sectors in the local, regional, and international markets, utilizing the latest techniques and advanced financial technologies, in addition to its leading role in financing infrastructure and industrial projects, and creating products and services that meet the needs of individuals, investors, business sectors, companies and governments.
On this occasion, Seef Properties CEO, Mr. Ahmed Yusuf said: “We are glad to welcome BBK onboard Al Liwan Project. Having this reputed financial institution will be a key turning point in the tenant base at the Project, which will be one of the promising real estate icons in the Kingdom of Bahrain, especially within the Northern Governorate, thanks to the unique facilities and entertainment, housing and hospitality elements that it will host, and it will attract various segments of the local community and tourists from outside Bahrain.”
Mr. Yusuf added: “This agreement reflects Seef Properties’ keenness on attracting the most prestigious financial institutions, with the aim of meeting all of Al Liwan Project residents and visitors’ financial needs, as well as providing the best shopping experience to its visitors and residents. It also translates the importance of Al Liwan Project as an attractive project for major commercial companies and financial institutions wishing to expand their business base in the Kingdom of Bahrain.”
On his part, BBK Group CEO Dr. Abdulrahman Ali Saif stated: “We are proud to have signed this lease agreement with Seef Properties at Al Liwan Project. This agreement will serve the objectives of our strategy to expand our presence in more vital areas and distinctive projects such as Al Liwan, especially as we firmly believe that the customer is the driving force behind all we do in developing and improving our services, and we are always committed to providing the best in the field of customer service and offering advanced banking solutions in all areas of banking, including deposit, lending, investment financing and more.”
Dr. Saif added: “Our decision to open the Bank’s new digital branch in Al Liwan Project comes after we stood on the excellent components and facilities that the Project has, making it different from other projects in the Kingdom, especially within the Northern Governorate, which has recently witnessed vast real estate development and commercial investments, and is recording an increasing demand for all types of banking and non-banking services. We promise our valued clients, residing in or visiting Al Liwan Project, an exceptional banking experience through our new branch here.”
Occupying 122,000 square meters, Al Liwan Project oversees Wali Al Ahd Highway and consists of a unique blend of shopping and entertainment destinations, with seven cinema halls and the largest entertainment center on the island. The project also includes an all-inclusive gym and a select array of renowned restaurants, coffee shops and outlets to provide the best experience for the project visitors.