Diyafa Holdings WLL Form Global Executive Offices with ALLIANCE Member Corporate Executive Offices

Manama, Bahrain, 01, June 2009: Diyafa Holdings W.L.L., a subsidiary of Global Banking Corporation B.S.C (c) (GBCORP) has signed an agreement with Corporate Executive Offices, an Australian leading provider of quality serviced offices, to create Global Executive Offices, offering premium serviced office facilities to the growing business community in the Kingdom of Bahrain.

The offices which will be located in the Bahrain Financial Harbour financial district are elegantly designed with a unique luxurious hospitality ambience, blending professionalism with comfort and high quality services. Companies renting office space can avail of a complete range of support services which include: high speed broadband, video conferencing, dedicated receptionist, concierge service, driver, mail handling, photocopying, binding, courier services, secretarial services, conference and meeting facilities.  

Global Executive Offices offers great flexibility in set up and operations with no confusing commercial lease agreements, minimal start up costs, no costly overheads and no time consuming formalities. In addition, Global Executive Offices provides legal and regulatory services enabling companies the benefit of expert legal opinion and adherence to regulatory requirements, to facilitate a smooth and simple start up of operations. 

The concept of serviced offices is an attractive and cost effective option, that enables companies to commence operations with immediate effect and without any of the hassles and complications involved in setting up a new office.  Given the current downturn in the market, many companies are shelving plans to purchase office space in favour of the more economical option of renting  serviced offices.

According to Mr. Ahmed Al Khan, Managing Director of Diyafa Holdings  "Flexibility is key in the present economic scenario.  Corporates have realized that a serviced office has an edge over traditional offices. Global Executive Offices offers businesses the prospect of opening satellite offices with no upfront capital expenditure. For startups in particular, serviced offices are a cost-effective solution. It is a low-risk arrangement and it is immediate." he said.

Commenting on the partnership between Diyafa Holdings and Corporate Executive Offices Mr. Ahmed Al Khan, added: "Our joint venture with Corporate Executive Offices allows Global Executive Offices to draw from the wealth of experience that Corporate Executive Offices has brought to the partnership to enable us to offer top quality and highly professional services within the dynamic economic environment of the Kingdom of Bahrain. Clients of Global Executive Offices will enjoy a superb combination of premium location supported by a full suite of business facilities. The serviced offices are packaged to boost a company’s visibility and corporate identity within the country and the region."

Ms. Jenny Folley, Managing Director of CEO said that the partnership with Diyafa Holdings W.L.L has enabled Corporate Executive Offices  provide better services with greater geographic reach. "Corporate Executive Offices is known internationally for premium locations, quality service and attention to detail. With more than 20 years’ experience in the serviced office industry, Corporate Executive Offices has a reputation for excellence. Businesses today have to seek property solutions that provide a lot more options in terms of space and length of occupancy," she added.

Diyafa Holdings W.L.L. is one of GBCORP’s global driven projects which will have an international access to the Corporate Executive Offices network and services in over 700 exclusive locations worldwide through this agreement.

Notes:

Global Banking Corporation B.S.C. (c) ("GBCORP")
Global Banking Corporation B.S.C. (c) ("GBCORP") is an Islamic investment bank incorporated in the Kingdom of Bahrain in June 2007. GBCORP pursues a dynamic business model, primarily focusing on the core business areas of private equity, real estate and infrastructure development, asset management, advisory services in corporate finance and capital markets and portfolio management services, backed by a management team with a cumulative experience and expertise of more than 30 years in international banking. 

GBCORP’s shareholders and members of the board are prominent personalities, representing the leading business institutions from within the region and bring a wealth of liquidity and sectoral expertise to the organization.

Diyafa Holdings W.L.L., a subsidiary of GBCORP
Diyafa is a newly established Bahrain based hospitality services development company, focused on developing its own brand of boutique hotels and serviced offices among other services, such as acquiring international F&B franchise brands. Diyafa’s objective is to be a leading developer in the region and be recognized for its best-of-class hospitality development and services.

Corporate Executive Offices (CEO)
Corporate Executive Offices (CEO) is a leading provider of quality, competitively priced serviced offices. Established in 1989, CEO is Australia’s largest, wholly Australian-owned serviced office provider.

Since its formation, CEO’s prime focus has been to create a friendly and functional business environment, offering leading-edge business facilities at competitive prices. This philosophy has been the key to its success.

With more than  20 years’ experience in the serviced office industry, CEO is an experienced serviced office provider with a national and international reputation for excellence.