BDB Enters Strategic Partnership with Mazad to Organise Live Auctions

Manama, Bahrain – Jan 2025:

BDB Enters Strategic Partnership with Mazad to Organise Live Auctions

Manama, Bahrain – Jan 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