Finance Minister holds further discussions regarding establishment of BHD 100 million Liquidity Support Fund

  • article

Manama, Dec.3 (BNA): In line with directives issued by His Royal Highness the Crown Prince during the 2019 Government Forum, the Minister of Finance and National Economy, HE Shaikh Salman bin Khalifa Al Khalifa, today continued progress towards the establishment of a BHD 100 million Liquidity Support Fund.


His Excellency Shaikh Salman bin Khalifa Al Khalifa met with a number of representatives from governmental and private sector entities concerned with the Liquidity Support Fund’s launch.


The meeting was attended by the Minister of Industry, Commerce and Tourism, HE Zayed R. Alzayani, Chairman of the Labor Fund (Tamkeen), HE Shaikh Mohammed bin Isa Al Khalifa, Chairman of the National Bank of Bahrain (NBB), Farouq Al Moayyed, Chairman of the Bank of Bahrain and Kuwait (BBK), Murad Ali Murad, Chairman of Bahrain Islamic Bank, Dr Esam Abdulla Fakhro, and the First Vice-Chairman of the BCCI, Khalid Najibi.


During the meeting, the attendees discussed a number of procedural aspects related to the Liquidity Support Fund’s establishment. Once launched, the fund will contribute significantly to further increasing investor confidence and access to finance within the Kingdom.

 

AHN