Exempting Sitra Mall shop owners from rent installments for a period of three months

In line with the royal directives, to launch a financial and economic package for a period of three months to support the sectors affected by the pandemic and following His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, instructions on the implementation of these directives; The Bahrain Development Bank Group announced that the tenants of Sitra mall who meet the conditions and criteria related to the exemption process are exempted from rent installments for a period of three months (June, July, August 2021).

Commenting on this initiative, H.E. Khalid Al-Rumaihi, Chairman of the Board of Directors of the Bahrain Development Bank Group said “This initiative reflects the group’s quick response to the royal directives that reflect the great vision of His Majesty King Hamad bin Isa Al-Khalifa, the King of the country, and the continuous support of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister, to confront the negative effects of this pandemic on the various sectors.

Al-Rumaihi added: “There is no doubt that these initiatives are among the important solutions and appropriate and thoughtful measures to face the repercussions of the current crisis, and we at the Bahrain Development Bank Group are aware of the importance of these initiatives in terms of supporting the business sector, therefore we took this step to support the mall’s tenants’ in these difficult circumstances that require all of us to join hands and work together to limit the negative effects of this pandemic”.