BNP Paribas relocates to Bahrain Financial Harbour

DUBAI - Bahrain Financial Harbour Holding Company (BFHHC) yesterday confirmed it had signed a lease Agreement with the global banking major, BNP Paribas.

By A Staff Reporter

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Published: Mon 10 Sep 2007, 8:57 AM

Last updated: Tue 20 Jun 2023, 2:42 PM

As per the terms of the agreement BNP Paribas has committed to an uptake of 5 floors (covering an area of over 5000 sqm) in the Harbour Towers, which forms a key component of the recently launched Financial Centre - Phase I of the landmark Bahrain Financial Harbour (BFH).

Welcoming the initiative, Stephen Rothel, Chief Executive Officer, BFHHC said: "We are delighted that BNP Paribas, one of the leading global financial players has now signed with BFH. BNP Paribas, has one of the largest international banking networks, and will be relocating its regional hub and Bahrain's full service commercial branch to BFH thus reinforcing its positioning as the Kingdom's main financial district. This move also absolutely vindicates BF's clear vision and strategy of creating a world-class Financial Centre Development model.

"This is also one of the largest private sector lettings in the Kingdom of Bahrain for some time and accordingly is extremely significant for Bahrain and for BFH." "Furthermore, in addition to the more obvious benefits, we are confident that the Islamic Banking interest of both BFH and BNP Paribas will benefit immensely from this move. One of the central aims of BFH is to create an environment that is at the forefront of innovation, best-practices and development in the sector," Rothel added.

BNP offers a comprehensive range of products to governments, large corporates, mid side companies, financial institutions and high net worth individuals throughout a network of six commercial branches in the region. This includes Bahrain, Kuwait, Saudi Arabia, Qatar and United Arab Emirates.

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