Salam Bounian is pleased to announce that a (Musharaka) finance agreement has been signed with QIB for the amount of 206 mln Qatari Riyals as part of a funding plan for Jumana Tower which is one of Salam Bounian’s projects at The Pearl Qatar.

The finance agreement is of high importance due to the fact that it is the first real estate finance agreement to be signed and realized in Qatar since the beginning of the financial crisis at the third quarter of last year. Mr. Yasser Hamad, General Manager of Salam Bounian commented “The fact is that Salam Bounian has earned the trust of the banking industry and is being perceived as a company of strong market credibility with a solid financial and professional base and further enjoys good business reputation”.

Mr. Ahmad Meshari, General Manager of Business Domestic Group, also commented:”QIB approved this deal after careful and thorough due diligence on both the company and the project particulars. Our work with Salam Bounian is very strategic and this is the second finance deal we do with them in a very short period of time”.