Bahrain's Amlak names contractor for new project

22/01/2018 05:58 AST

Bahrain's Amlak Social Insurance Organization Development Company, the real estate arm and wholly-owned subsidiary of the Social Insurance Organization (SIO), has appointed Al Ghanah Group as the main contractor for the construction of its Burj Al Saya project.

Burj Al Saya is a residential development which will be constructed in Busaiteen, Northern Muharraq. The new development will feature two twin towers comprising of 128 apartments, a two-storey parking podium and 13 retail units on the ground floor.

Amlak chairman Abdulrahman Yousif bin Yousif Fakhro said: "We are pleased to announce the appointment of Al Ghanah Group as the main contractor for the latest residential project Burj Al Saya. We trust that it will positively reflect the pension funds' investments and become an added-value to its real estate portfolio."

Amlak CEO Mohamed Abdulelah Al Kooheji praised the new development for its unique features and modern design, which will feature high quality residential and recreational facilities.

Al Kooheji also stressed on Amlak's keenness to adopt and drive a well-balanced investment strategy governed by the highest management standards and principles with the aim of achieving maximum benefits for Bahrainis across all social levels, as well as contribute to driving the kingdom's economy forward.

Trade Arabia

News

DFM-listed Amlak gets shareholder go-ahead to sell real estate finance portfolio

01/07/2025

The Dubai based finance company Amlak is exiting the real estate side of its business operations.

Shareholders on Monday (June 30) gave their approval for Amlak to sell its real estate finan

Gulfnews

Amlak posts Dh52 million net group profit after income tax for FY24

26/03/2025

Amlak Finance on Tuesday reported a net profit of Dh52 million for the year ended 31 December 2024 as compared to a net profit of Dh259 million for the year ended 31 December 2023. Amlak's revenues

Khaleej Times

Amlak Finance 2017 net profit more than halves as revenues slump

13/02/2018

Dubai-based mortgage lenderAmlak Finance on Monday recorded more than 50 per cent slump in 2017 full-year net profit after revenues declined for Sharia-compliant home financier amid a softer property

The National