Bahrain Bourse to waive rent of brokers offices

MANAMA: Bahrain Bourse (BHB) has announced a rent waiver for authorised brokers having offices on the trading floor (with a permanent office lease) for the next three months – June, July, and August – effective immediately.

The move follows a wider directive from His Majesty King Hamad and the commands of His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince Prime Minister, to safeguard the economic security of the kingdom and alleviate the pandemic’s economic impact on key sectors.

Following the announcement, Shaikh Khalifa bin Ebrahim Al Khalifa, chief executive of the self-regulated multi-asset marketplace said: “The waiver represents Bahrain Bourse’s contribution to the major national efforts to overcome the financial challenges brought on by the pandemic. It is our national and social responsibility to reinforce His Majesty the King’s commitment towards minimising the impact on the country’s economic sectors.”

Shaikh Khalifa added: “We are strongly committed to work together and support each other in every way possible during this critical juncture. We have a key role to step up our efforts to support the kingdom, and reduce the impact of the pandemic on the local economy.”

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