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Al Hilal Bank, SDIC sign customer home finance deal

June 23, 2014



ABU DHABI, 23rd June, 2014 (WAM) -- Al Hilal Bank and Saadiyat Development and Investment Company, SDIC, have signed a strategic partnership agreement offering potential home seekers and investors the opportunity to own their dream homes through competitive home finance options.

The upcoming residential community covers 1.5 million square meters with 7 kilometres of beaches on Saadiyat Island, the cultural district of the capital. Minutes away from Abu Dhabi City, the community will consist of 452 villas, commercial centres, hotels, apartments, beach clubs and amenities conveniently located within reach.

Through the agreement with Al Hilal Bank, SDIC is increasing the number of competitive mortgage options available to buyers interested in the project.

Mounir Haidar, Managing Director of SDIC, said, "Hidd Al Saadiyat is a one-of-a-kind project in Abu Dhabi. The interest that the project has generated so far is a clear indicator of the growing demand for high-calibre, resort-style community living close to the city. Given the solid reputation of the leading Islamic bank, Al Hilal Bank, we are delighted to have partnered with them for providing home financing options to our prospective clients."

Mohamed Jamil Berro, CEO, Al Hilal Bank, said, "This new partnership between SDIC and Al Hilal Bank proves to be both timely and strategic as it aims to play a key role in further strengthening Abu Dhabi s real estate segment. We look forward to working closely with SDIC offering key home financing opportunities for their potential buyers and helping them realise their dreams of owning their own homes."


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Source: Emirates News Agency (WAM) (United Arab Emirates)


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