MANAMA: Eligible tenants of properties owned by Bahrain Real Estate Investment Company (Edamah), the real estate arm of Mumtalakat Holding Company, will have their rent payments waived from June to August, effective immediately.

The move follows the directives of His Majesty King Hamad, who has ordered the launch of a financial stimulus package to counter the effects of the coronavirus pandemic.

Edamah chairman Khalid Al Rumaihi said the directives issued by His Majesty will safeguard the economic security of the kingdom.

Edamah chief executive Amin Al Arrayed noted that the decision to suspend rent collections will be implemented immediately across all eligible properties owned by the company.

Edamah manages a large number of properties across several sectors, including tourism and leisure.

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