The business community has backed the initiative of HRH Prince Salman bin Hamad Al Khalifa, Crown Prince, Deputy Supreme Commander and First Deputy Premier, to launch a liquidity fund worth BD100 million.
The initiative was announced during the 2019 Government Forum held last Sunday under the patronage of HRH Prime Minister Prince Khalifa bin Salman Al Khalifa.
The fund was launched to restructure the financial commitments of private sector companies.
“The fund aims to empower private sector companies in accordance with the 2030 Bahrain Economic Vision,” said Bahrain Businessmen’s Association chairman Khalid Rashid Al Zayani.
He described the step as unique and timely to restore the stability of the market in Bahrain.
“We are in dire need of such innovative solutions to address the effects of financial default which has affected a number of private sector firms leading to real liquidity challenges and other issues,” he said.
He also underlined the importance of the fund in national development.
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