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BCCI reinstates supporting stalled businesses
08-May-2017
by
Mohammed Al Thawadi

The Chief Executive Officer of the Bahrain Chamber of Commerce and Industry (BCCI) Dr. Khalid Al Ruwaihi received at Bait Al Tijjar yesterday Mr. Mohammed Al Matrook and Mr. Yousif Bukhamas a long side a number of stalled business owners to deliberate about their challenges and mull overcoming them.

Dr. Al Ruwaihi asserted the Chamber’s support to stalled businesses and their revival, and shared the strides taken in this regard, most notably establishing a joint fund with Tamkeen and calling creditors to reconsider the payment terms.

During the meeting, Dr. Al Ruwaihi named the prerequisites of obtaining the financial grant, which are:
• A letter detailing the main causes of the impoverishment
• Providing documents validating the current status of the business (recent bills, contracts, and payable notes).
• Presenting a bond of indebtedness and other relevant documents in case of defaulting on loan payment.
• A copy of C.R
• A copy of valid BCCI membership

Concluding the meeting, Dr. Al Ruwaihi reinstated the support of the Bahrain Chamber of Commerce and Industry to stalled businesses and stressed on their potentials in invigorating the market.

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Bahrain, officially the Kingdom of Bahrain is a small island country situated near the western shores of the Persian Gulf in Southwest Asia. It is an archipelago with Bahrain Island, the largest land mass, at 55 km (34 mi) long by 18 km (11 mi) wide.

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