MARINA WEST AND REEF IN ISLAMIC MORTGAGE FINANCING DEAL   Reef Real Estate Finance Company Offer Islamic Financing Options in Bahrain’s premier beachfront community   Photo caption from left to right: Mr. Mahmood Janahi, Managing Director of Marina West, and Dr Khalid Abdulla, CEO - Reef Real Estate Finance Company, cement the agreement at the official signing ceremony.   Bahrain 13 May 2007: Marina West and Reef Real Estate Finance Company have recently signed a memorandum of agreement, a move that will add a new dimension to the comprehensive nature of Marina West’s offering to its prospective investors, home buyers and tenants. The agreement confirms Reef as the first Islamic mortgage finance provider for the development. The signing ceremony, held at Reef’s new headquarters in Seef Towers, was attended by Dr Khalid Abdulla, CEO - Reef Real Estate Finance Company, Mr. Mahmood Janahi, Managing Director of Marina West Real Estate Company, and Mr. David Owens, on behalf of ReeMoon and Mr A.Nasser A.Rahman, Chief of Business at Reef. Under the terms of the agreement, Reef, which is founded on the guiding principles of Islamic Shariah, will provide mortgage financing services to prospective Marina West customers, covering all of their financing needs and helping them to realise their ambitions of owning property in the Marina West development. The company offers competitive plans such as the Ijara ‘lease to own’ contract, with tenures reaching up to 25 years and covering property value up to a staggering BD 350,000 per customer at competitive rates. “Reef’s Islamic financing services will be offered under terms and conditions which benefit the consumer, through a process that ensures the buyers are provided with top-level specialist assistance. Throughout the entire ownership process, buyers are advised by Reef’s dedicated team of real estate finance advisors, each of whom brings a wealth of knowledge and experience of the industry to the table,” commented Dr Abdulla. “Marina West is a uniquely designed environment which we believe will bring a new level of luxury and class to Bahrain’s standards of living. Our association with the project aims to bring prospective clientele a highly desired property via a smoothly packaged financing solution,” continued Dr. Abdulla Commenting on the agreement, Mr. Janahi added, “Marina West is one of the most prestigious and desirable addresses in Bahrain today, and it is affordable to the public. Our partnership with Reef allows buyers interested in the project to benefit from a complete and competitive yet Islamic financing solution.” As Bahrain’s first and unique gated high rise residential beachfront community, Marina West will be set in tranquil and idyllic surroundings on the Kingdom’s west coast. In addition to breathtaking views, residents will be able to enjoy comprehensive recreational facilities and entertainment as well as the convenience of an extensive and high quality retail offering. Marina West’s 1, 2, 3 and 4 bedroom freehold apartments, duplexes, simplexes and penthouse suites begin at a price of BD 47,000 with floor space ranging in size from 92 to 447 square metres. More information on Marina West is available by contacting the sole agent for the development, Asteco Property Management on telephone number +973 17 690808 or by visiting www.marina-west.com.   Sales Agent:   Mortgage Providers:     To find more visit www.marina-west.com or call +973 17 690808