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November 11, 2008

Residence Permit – Freehold property

Ministerial Order No (74) for 2007 deals with granting residence permits by a personal sponsorship to expatriates (non-Bahrainis) who purchase freehold property.  The Order was published in the Official Gazette on 17/01/2008 and came into effect on 18/01/2008.
Article (2) (a) of the Order provides that an expatriate may be issued with entry and residence permit […]

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October 21, 2008

Base Rate increase letter

Subject: Base Rate increase
Dear Valued Customer,
As you may be aware, with the global tightening of liquidity due to the financial crisis there has been a recent upward trend in international and local benchmark rates. In a considered response to this, we are revising Sakana’s benchmark (base) rate and implementing a 1.25% increase across retail […]

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February 14, 2008

Sakana’s Code of Commitment

Introduction
This Code has been formulated by Sakana Holistic Housing Solutions BSC © (the Company) pursuant to the Code of Best Practice on Consumer Credit and Charging issued by the Central Bank of Bahrain for all retail banks and finance companies vide circular EDBS/KH/0413/2007 dated 3 July 2007. This Code will come into force from 1 […]

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