Al-Baha says COVID-19 measures to affect business

Al-Baha Investment and Development Co. announced that the government’s precautionary measures to curb the spread of coronavirus will impact its business and financial results.

The company said in a statement to Tadawul that the precautionary measures will also impact the business and financial results of its subsidiaries, as affected tenants requested payment deferral, discount or grace period as a result of the pandemic.

Due to the uncertainty over the duration of these precautionary measures, it is difficult to assess the financial impact.

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