COVID-19 impact on family businesses in Bahrain to be probed

KPMG in Bahrain is gearing up to host a webinar next week to highlight the impact of the pandemic on the profitability of family businesses.

Themed ‘Financial restructuring for resilience’, the webinar on February 24 will also discuss the potential benefits financial restructuring could provide towards building the required resilience within the marketplace.

Anshul Deobhakta, advisory director at KPMG in Bahrain, said: “If health is wealth, then bankruptcy is death. If an event of liquidation is played out, everyone is a loser. Therefore, I encourage business leaders in Bahrain to attend the online event to learn more about the role of financial restructuring in improving business resilience and continuity.”

The webinar will also feature insights from Ali AlMahroos, corporate services lead at KPMG in Bahrain, to cover the regulatory updates that businesses need to be aware of while they consider restructuring their organisation.

While covering the fundamentals of restructuring during a moment of crisis, the event will also highlight the key success factors in terms of financial and operational restructuring, challenges and strategies business leaders can leverage as they evolve during their journey towards recovery.

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