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SDIC and Al Hilal Bank sign customer home finance deal for Hidd Al Saadiyat

June 23, 2014

Al Hilal Bank and Saadiyat Development and Investment Company (SDIC), developers of the beachfront residential development Hidd Al Saadiyat, has signed a partnership agreement offering potential home seekers and investors the opportunity to own their home through home finance options.

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 Saadiyat Development and Investment Company (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-caliber, 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: CPI Financial

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