PRESS RELEASE

Eagle Hills Jordan signs agreement with Jordan Ahli Bank

Amman, Jordan – August 7, 2016; Eagle Hills Jordan recently signed an agreement with Jordan Ahli Bank to facilitate ownership of the real estate investment and development company’s residential units at its projects in Jordan, including Saraya Aqaba and MarsaZayed’s Al Raha Village in the Kingdom’s port city of Aqaba and The Residences at The St. Regis Amman located in the capital. The agreement with Jordan Ahli Bank comes as the third agreement between Eagle Hills Jordan and various Jordan-based financial institutions in a series of agreements aimed at providing potential and future homebuyers with a seamless transition to their new home.

Under the strategic agreement, interested customers seeking financing options will be able to take advantage of the following benefits: financing of up to 90% of total property value, and a loan duration of 25 years. The agreement also has an added provision that allows customers to benefit from the possibility of receiving a case-by-case loan that exceeds the 90% funding ratio.

Commenting on the occasion, CEO of Eagle Hills Jordan Alaa Batayneh said: “As we move into the final development phases of our projects, we at Eagle Hills Jordan are becoming even more attentive to the needs of our future residents. As such, we have secured a series of partnership agreements with a number of locally trusted banks to ensure the utmost satisfaction of our customers when they undertake the process of purchasing a new home with us. In collaboration with Jordan Ahli Bank, we are now able extend exclusive financial offers to an unprecedented number of people.”

Underscoring the importance of agreements of this kind, Senior Deputy CEO and General Manager of Jordan Ahli Bank Ahmad Abdul Haleem said: “We are proud to enter into this agreement with Eagle Hills Jordan, a leader in the real estate industry and provider of exclusive communities. With the various offers that the agreement will provide to those interested, we hope to effectively meet the needs of customers in an ever-evolving market. Through our innovative solutions and services, we aim to contribute to reinvigorated growth of the real estate market in Jordan.”

Recently, Eagle Hills Jordan began making exponential progress on all of its projects across the Kingdom in Amman and Aqaba, opening residential sales centres, showcasing mock-up units, and participating in a variety of social events. The real estate development and investment company, firmly rooted in the local communities in which its developments are located, remains committed to transforming Aqaba into a bustling hub for tourism and living and further supporting Amman’s inclination to grow into a well-recognised, 21st-century tourist destination.