BDB Enters Strategic Partnership with Mazad to Organize Live Auctions
Manama, Bahrain – 19 February 2025, Bahrain Development Bank (BDB), the Kingdom’s leading financial institution supporting small and medium-sized enterprises (SMEs), has announced a strategic partnership with the leading digital auctions platform Mazad to facilitate asset sales through live biddings, ensuring more efficient, transparent, and competitive processes.
Through this cooperation, BDB will leverage Mazad’s advanced capabilities to create a fair, reliable, and more accessible bidding ecosystem for investors. The collaboration reflects BDB’s commitment to optimise its operations while delivering innovative solutions that serve its institutional goals as well as the needs of its clientele.
Live auctions are one of the most effective ways to maximise the value of assets offered for sale. Utilising this approach, Mazad’s platform provides a competitive environment that enables potential buyers to submit bids through a structured and equitable process. By incorporating this model into its offerings, BDB aims to uphold the highest levels of integrity in asset management and contribute to a more dynamic and investor-friendly business landscape in Bahrain.
Highlighting the importance of this initiative, Mr. Ali Al Aradi, Chief Banking Officer remarked, “We consistently strive to devise innovative solutions that streamline our operations and create greater value for our partners and stakeholders. Our agreement with Mazad marks a pivotal step towards optimising asset sales, as the platform will help streamline processes, enhance transparency in transactions, and positively impact the wider market by strengthening investor confidence.”
For his part, Mr. Talal Al Araifi, Chief Executive Officer of Mazad expressed his pride in the endeavour with BDB, noting that it reasserts the company as a pioneer of cutting-edge sales solutions. He added, “At Mazad, we are dedicated to providing a credible bidding space that enhances reliability in the market. We are delighted to be BDB’s preferred partner in this project, which will allow investors to engage with the available assets more seamlessly. We are confident that this joint effort will contribute to solidify Bahrain’s position as an attractive investment destination built on the principles of impartiality and openness.”
This partnership represents a progressive development towards the ongoing modernisation of Bahrain’s business landscape through digital live auction mechanisms that create equal opportunities for investors and bring more efficient ways to liquidate assets. The initiative will also accelerate transaction timelines, enabling companies to reallocate their holdings more effectively.
By embracing Mazad’s advanced approach, BDB aims to achieve optimal returns on its assets while ensuring customers and investors benefit from fair and profitable opportunities. The collaboration also signals the Bank’s growing shift towards curating digital experiences, in line with the latest global advancements in the financial and investment sectors.
Both organizations remain committed to working together to support Bahrain’s economic growth as well as strengthen financial sustainability for businesses and investors, providing them with a more effective and streamlined asset management framework.