Cayan Group, a leading property developer in the Middle East, has signed an agreement with Saudi-based Bidaya Home Finance to provide financing solutions to its clients.

Bidaya Home Finance is a national real estate finance company sponsored by the Islamic Corporation for the Development of the Private Sector (ICD) and the Public Investment Fund of the Ministry of Finance, Saudi Arabia.

The agreement will provide Cayan’s clients benefits such as, financing of up to 30 years, approval of submitted applications within days, and other favourable terms, remarked Ahmed Alhatti, the chairman of Cayan Group, after signing the deal with Mazen Al Ghunaim, the chief executive of Bidaya Home Finance.

A leading international property developer in the region, Cayan has offices in Riyadh, Saudi Arabia and Dubai, UAE, and is known in the region for their beautiful and unusual buildings

"This partnership with Bidaya is also an enabler of property ownership desires in Saudi Arabia. We are pleased to add more services with reputed partners and will continue to do so in an effort to provide our clients with a complete stress-free service package," he stated.

Established in 2014, Cayan's development portfolio now features high rise buildings including residential complexes, commercial towers and centres, hospitality projects and multi-purpose gated communities.

Al Ghunaim said it was glad to partner with Cayan Group and offer services to clients who will be owners of iconic, unique, and high-quality residential and commercial properties.

"We are glad to make property ownership dreams a reality through a combination of our services and Cayan’s property development," he added.-TradeArabia News Service