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Eagle Hills Diyar has signed a $374 million financing agreement for Marassi Al Bahrain

Bahrain - May 7, 2019
Eagle Hills Diyar

Eagle Hills Diyar, Marassi Al Bahrain development company, has signed an agreement with a syndicate of banks from UAE and Bahrain for $ 374 million, which will help finance the construction of a range of projects including Marassi Galleria, and Address Hotel and a Vida Hotel.
A statement said the syndicated financing underscores the banks’ confidence in the strength and success of these developments and highlights the goal of Eagle Hills Diyar to collaborate with key financial institutions in the GCC.
The agreement was signed by Low Ping, CEO of Eagle Hills, Managing Director of Eagle Hills Diyar, Dr. Maher Al Shaer, the representative of all the banks including First Abu Dhabi Bank, Emirates NBD Bank, Abu Dhabi Commercial Bank, Al Salam Bank Bahrain, Kuwait Finance House, Khaleeji Commercial Bank and First Energy Bank.
“The signing of this agreement with leading banks in the United Arab Emirates and Bahrain attests to the importance of our regional developments,” said Low Ping, CEO of Eagle Hills.
Marassi Al Bahrain will be a major contributor to Bahrain’s national economy as soon as it is completed. The project will comprise 22,000 people, comprising 6,000 housing units and a commercial area of 245,000 square meters.

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