Focus on BD100m fund

Minister of Finance and National Economy, Shaikh Salman bin Khalifa Al Khalifa, has discussed the latest developments related to the establishment of the BHD 100 million liquidity fund. The fund, aimed at restructuring private sector companies’ financial obligations, falls in line with the directives of 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 meeting was attended by the Chairman of the Labour Fund (Tamkeen), Shaikh Mohammed bin Essa Al Khalifa; the Chairman of the National Bank of Bahrain (NBB), Farouk Al Moayyed; the Chairman of BBK, Murad Ali Murad; the Chairman of Bahrain Islamic Bank, Dr Esam Abdulla Fakhro; the CEO of Bahrain Development Bank, Sanjeev Paul and a number of government officials.

The meeting provided an opportunity to review the timeframe to establish the fund and recommendations put forth to benefit and support private sector companies across various economic sectors, in line with the Kingdom’s economic development goals.