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Supporting dynamic businesses to grow.

Liquidity Support Fund

29 Jan 2020

Supporting dynamic businesses to grow.

Launched in cooperation with several national banks and the Bahrain Chamber of Commerce and Industry, a BHD 100mn liquidity support fund has been launched across Bahrain in order to support private sector companies to meet their short-term payment obligations, providing much needed relief to dynamic businesses. The liquidity fund will further enhance entrepreneurship whilst providing greater economic growth and prosperity. The credit facility of up to BHD 250k is available for SMEs for a 3-year period at a rate of 2.5% interest per annum. SMEs have been defined as entities with less than BHD 3 mn annual revenues.

The common criteria which applies include:

  • an active commercial registration
  • is as a minimum 51% Bahraini owned.
  • financial statements to be available for the fiscal year 2018 for SMEs and at least the last 4 financial years for large enterprises.

Further elements of consideration include:

  • Place of business
  • Creditworthiness
  • Profitability.

Mohammad Nomaan 

Advisory services 

T +973 39114374 

E mohammad.nomaan@bh.gt.com  

How we can support your growth potential

The application for SMEs to apply for liquidity support funding is now open and available until 19 March 2020. Our transaction advisory team can support eligible entities with the review of their formal application, required documentation and can support you through the process. For further details, contact our team to unlock your growth potential in Bahrain.

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Disclaimer:

This article is solely to provide useful information to the readers. Views expressed are personal and they do not necessarily reflect the views of the Company and further, the views are not binding on any person. The author and publisher are not offering it as legal, accounting, or other professional service advice.