PRESSR: On the sidelines of Cityscape Bahrain 2025

About this update from Eskan Bank Realty Income Trust

On the sidelines of Cityscape Bahrain 2025, Eskan Bank announced the signing of a collaborative agreement with seven commercial banks to activate the Tumooh Programme, a strategic step designed to expand housing finance options for citizens and strengthen the national housing ecosystem.The participating institutions include: National Bank of Bahrain (NBB), Bahrain Islamic Bank (BisB), Bank of Bahrain and Kuwait (BBK), Al Baraka Islamic Bank, Al Salam Bank, Khaleeji Bank, and Kuwait Finance House (KFH).These agreements fall within the framework of ongoing cooperation between the Ministry of Housing and Urban Planning and Eskan Bank, aimed at diversifying housing finance channels through sustainable programmes and innovative models that meet the aspirations of Bahraini families and respond to their evolving needs.The Tumooh program was announced last April during the Innovation in Social Housing Conference. It is a complementary financing program aimed at citizens who have previously obtained housing finance within the “Tasheel” and “Tasheel+” programs, in addition to beneficiaries of financing for purchasing residential apartments.In addition to beneficiaries receiving financing to purchase residential apartments, the programme also allows eligible recipients, after ten years or more from their initial financing, to obtain additional support that expands their housing options and aligns with the different stages of their lives.On this occasion, Her Excellency Mrs. Amna bint Ahmed Al-Rumaihi, Minister of Housing and Urban Planning and Chairperson of the Board of Directors of Eskan Bank, affirmed that the launch of “Tumooh” represents a significant step forward in developing the housing finance system, stating: “The ‘Tumooh’ program reflects our ongoing commitment towards providing flexible and sustainable financing solutions that contribute to enhancing housing stability for Bahraini families. Our partnership with seven of the leading national banks also strengthens the integration of efforts aimed at expanding housing finance options, in line with the aspirations of citizens and government programs designed to serve them.”Her Excellency added that the cooperation achieved under the Tumooh Programme reaffirms the depth of partnership between the Ministry, Eskan Bank, and the participating banks, highlighting the strong confidence placed in the housing finan...

View stock analysis, news, and events for Eskan Bank Realty Income Trust