The National Bank of Bahrain (NBB) has signed five memoranda of understanding (MoUs) with prominent real estate companies during its participation in the recent Innovation Summit in Social Housing 2025.
Running from Wednesday till today at the Exhibition World Bahrain (EWB), the summit gathered key industry stakeholders to collaborate on advancing national housing ambitions.
NBB formalised the MoUs at its dedicated stand with ERA Real Estate, Kayan Real Estate, Delmon Gate, Best Location Properties, and Al Janabiya Gate. The agreements aim to offer social housing beneficiaries access to a broad range of property options backed by NBB’s financing solutions such as its new Tasheel+ product.
The bank will work closely with each company to facilitate hassle-free purchase experiences for customers throughout their homeownership journey. Through these collaborations, the bank will further expand its mortgage finance portfolio to offer a more diversified pool of properties aligned with the financing needs of prospective buyers.
Commenting on the occasion, NBB chief executive for retail banking Subah Al Zayani said, “We are pleased to sign these agreements, each reflecting a shared commitment to simplify property acquisition for eligible customers under social housing schemes. By combining our financing and advisory expertise with the market presence of our partners, we are building a more efficient and responsive ecosystem that supports homeownership aspirations across the kingdom.”
The signing of these MoUs underscores NBB’s strategic approach to streamline financing for qualified buyers of government-backed projects and bring them closer to a network of trusted real estate providers.
The bank remains focused on entering partnerships that directly support the Housing and Urban Planning Ministry’s long-term goals to enhance the quality of living for citizens.
In a separate announcement, the NBB said its executives joined Bahrain Islamic Bank (BisB) officials in a key panel discussion at the summit titled ‘Financial Futures: Driving Innovation in Bahrain’s Banking Sector for Social Housing.’
Mr Al Zayani and BisB chief retail banking officer Faisal Al Abdulla represented the group in the session, which was moderated by NBB chief corporate communications officer Hisham Abu Alfateh.
The discussion highlighted the role of financial institutions in enabling affordable housing, the impact of digital platforms in streamlining the financing journey, and the importance of cross-sector collaboration in supporting the ministry’s initiatives.
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