BD100 million liquidity fund directive discussed

In line with the directive issued by His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander, and First Deputy Prime Minister during the 2019 Government Forum, the Minister of Finance and National Economy, Shaikh Salman bin Khalifa Al Khalifa, yesterday met with representatives of the relevant authorities concerned with the ‘Liquidity Fund’, which will amount to BD 100 million.

The fund is aimed at restructuring private sector companies’ financial obligations within the Kingdom. The meeting was attended by the Minister of Industry, Commerce and Tourism, Zayed Al Zayani, and the Chairman of the Bahrain Chamber of Commerce and Industry (BCCI), Sameer Abdullah Nass.

During the meeting, the Minister of Finance and National Economy followed up on the latest developments regarding the mechanisms and organisational procedures of the fund. The meeting further provided an opportunity to review work related to the fund’s establishment and recommendations put forth which would benefit and support private sector companies across various economic sectors, in line with the Kingdom’s economic development goals.