Mazad, a local portfolio company of “Mumtalakat” that oversees auctions within Bahrain, and Kanoo Real Estate, a subsidiary of the Yusuf bin Ahmed Kanoo Group, have entered into a strategic partnership to enhance the auction industry in Bahrain.
Kanoo Real Estate’s partnership with Mazad will enable the platform to uplift its reputation to a top-tier auction provider in Bahrain and the Gulf region by offering them the access to a diverse portfolio of high-value assets and equipment.
Talal Alaraifi, CEO – Mazad
“We are thrilled to be partnering with Kanoo Real Estate, which is a part of the Yusuf Bin Ahmed Kanoo Group, a pioneer in the regional business landscape.Their extensive asset and business portfolio will be invaluable as we continue to grow our network and bring even more exceptional offerings to discerning buyers and investors in Bahrain and beyond.”
The cooperation between Mazad and Kanoo Real estate will benefit both from each other’s mutually established relations and industry expertise. The partnership will also elevate the reach, variety and quality of the auctioning services of Mazad by enhancing their capabilities as well as their operational effectiveness.
Mr. Talal Fawzi Kanoo, Chairman of Kanoo Real Estate commented that, “We are thrilled to collaborate with Mazad, to further elevate the auction experience in the Kingdom of Bahrain. Through this partnership with Mazad, who continue to set the standard in the auctioning industry, we aim to enhance the local auction market by offering some of the most sought-after essential assets through an exceptional auctioning platform.”
Mr. Mohamed Abdulelah Al Kooheji, Chief Executive Officer of Kanoo Real Estate, stated that, “We are proud to join forces with Mazad, a renowned pioneer in the auction industry. This strategic partnership allows us to curate an exceptional auction experience, offering top-tier assets to the local market through an innovative and user-friendly auction platform.”
