PRESS RELEASE

Eagle Hills Jordan signs agreement with Arab Bank

Amman, Jordan – July 3, 2016; Eagle Hills Jordan, a private real estate investment and development company, has signed an agreement with Arab Bank to facilitate the financing of purchase of residential units at Eagle Hills’ projects in Jordan, including Marsa Zayed’s Al Raha Village, Saraya Aqaba, and The Residences at The St. Regis Amman.

For those seeking to finance their purchase of a residential unit, the agreement offers a competitive interest rate of 6.5% per year and no commission fee. It will also offer financing of up to 80% of the total selling price of the unit and a loan tenure of up to 30 years.

Commenting on the occasion, CEO of Eagle Hills Jordan Alaa Batayneh said: “This agreement comes as part of our commitment to give the largest and most diverse possible number of interested buyers an opportunity to become part of exceptional residential communities. Our strategic agreement with Arab Bank allows us to offer our potential and future homebuyers simple financing solutions from a leading financial institution. At Eagle Hills Jordan, we wish to facilitate the process of owning a residential unit at any of our projects in Jordan, and through this new cooperation, we can now guarantee our customers peace-of-mind and a more comfortable, worry-free experience when initially buying a home with us.”

From his side, Nemeh Sabbagh, CEO of Arab Bank, said: “With several major projects currently being developed in Jordan, the real estate market in the Kingdom has a lot to offer, capitalising on the security and stability that Jordan enjoys.” Sabbagh added: “At Arab Bank, we provide integrated financing solutions for individuals and corporations designed to meet the evolving needs of our clients in this vital sector. This strategic agreement with Eagle Hills Jordan is an important initiative in this direction offering homebuyers convenient and value-added mortgage programmes.”

Eagle Hills Jordan’s agreement with Arab Bank comes at a time of exponentially increasing progress for its projects in Aqaba and Amman. With both of the Aqaba projects having recently opened on-site sales centres and residential mock-up units for a taste of the life each has to offer, Eagle Hills Jordan is well on its way to achieving its anticipated 2017 delivery of a number of project components, and has received wide recognition in the local and regional real estate markets, promoting its commitment to not only its potential and future residents but also to Jordan as a country with unlimited potential.