A valid decision has been made to limit the economic damage caused by the Coronavirus.
Bahrain Real Estate Investment Company (Adma), the real estate arm of the Sovereign Wealth Fund in the Kingdom of Bahrain, announced the postponement of rental collection for april and May for tenants in the company's business ventures within the startup sector after they were exempted from the March lease. In support of continuing their work in light of the global spread of COVID-19, this measure will include deferral of rental collection for all companies affected by the virus through retail, food and beverage stores and commercial properties of Admea.
Mr. Amin Larayedh, CEO of Admea, confirmed that the company continues to support various national efforts to counter the effects of the global spread of COVID-19 at the local level and reduce its effects on various sectors, noting that the company is working on plans to support SMEs contribute to the continuation of their activities and minimize the effects of the virus.
Larayedh explained that Adyama is one of the first companies that supported entrepreneurs in the commercial sector following the fallout of the Coronavirus through many qualitative initiatives to continue to push the wheel of economic development under the current conditions, stressing that the perpetuation is an integral part of the Bahrain team and the company will continue to Providing real estate development services to stimulate the economic growth of the Kingdom of Bahrain.