Under the guidance of Sheikh Mohammed bin Saud Al Qasimi, Chairman of the Board of Directors of Sharjah Asset Management (SAM), the senior management of SAM announced a three month exemption of rent for tenants in Souq Al Haraj and Souq Al Jubail.

The exemption is provided to deal with the repercussions of the Covid-19 outbreak; aligning with the goals of SAM which is continuously working towards enhancing the capabilities of the national economy, and the competitiveness of the Emirate of Sharjah. This move seeks to contribute towards alleviating the burdens on investors and tenants; enabling them to overcome these trying conditions.

His Excellency Waleed Al Sayegh, CEO of “SAM” said, “At Sharjah Asset Management, we believe in extending our maximum support to our partners and tenants in both Souq Al Jubail and Souq Al Haraj, by assisting them however we can during this period.”

Al Sayegh added, “We will be communicating with tenants during the upcoming days to complete the necessary procedures. The company will continue to support investors and tenants, providing them with the required services.”

The senior management at SAM met during the past week, to discuss work continuity plans and ways to support the company’s customers, notably as the number of visitors coming to the market has substantially decreased.