Edamah offers extension on rents payment to businesses

Edamah announced a wavier of rents for all of F&B and retail tenants in its portfolio for the month of March

Edamah extended rent payments for April and May
CW Archives
Edamah extended rent payments for April and May

In a move to support tenants whose businesses have been affected by the impact of coronavirus (COVID-19), Bahrain Real Estate Investment Company (Edamah) has extended rent payments for April and May for businesses across its retail, F&B, and commercial portfolio.

Edamah is the real estate investment arm of the kingdom's sovereign wealth fund, Mumtalakat.

Edamah’s move comes a week after it announced a waiver of rents for all of F&B and retail tenants in its portfolio for the month of March.

Chief executive officer of Edamah, Amin Alarrayed, said that Edamah will continue to support the national efforts to limit the consequences of the pandemic on a local level and reduce the impact on various sectors.

He added that Edamah has been working to develop plans to ensure business continuity for small and medium enterprises (SMEs) in the kingdom.

Alarrayed said that Edamah will continue to offer real estate management and development services as part of its efforts to stimulate economic growth.

Most popular

Awards

Deadline approaches for CW Oman Awards 2020 in Muscat
You have until 20 January to submit your nominations for the ninth edition of the

Conferences

CW In Focus | Inside the Leaders in KSA Awards 2019 in Riyadh
Meet the winners in all 10 categories and learn more about Vision 2030 in this
CW In Focus | Leaders in Construction Summit UAE 2019
A roundup of Construction Week's annual summit that was held in Dubai this September

Latest Issue

Construction Week - Issue 765
Jun 29, 2020