Al Hammadi says COVID-19 measures to impact operations, financial results

16/04/2020 Argaam

 

Al Hammadi Company for Development and Investment (Al Hammadi) said that the government’s precautionary measures to contain COVID-19 outbreak will have an impact on the company’s operations and financial statements.

 

The company said in a bourse statement on Thursday that it is taking all the necessary procedures to mitigate the impact of the drop in the outpatient traffic.

 

It is presently difficult to assess the financial impact of the measures, the company said, noting any updates will be disclosed in due course.

 

On the private sector’s support packages, Al Hammadi said it is working closely with relevant authorities to identify the support mechanism and feasibility.

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