Bahrain's Mumtalakat has 34% investments abroad, some of which are in sectors that have been extensively affected by the Coronavirus pandemic, however, the company did not disclose the extent of the damage in its investments.

Bahrain may need more financial aid from fellow Gulf Arab states as soon as this year but its wealthier neighbours could themselves be hamstrung by low oil prices and the economic impact of the new coronavirus, bankers and analysts said.

Saudi Arabia will take strict and painful measures to deal with the economic impact of the coronavirus pandemic, the finance minister said on Saturday, adding that "all options for dealing with the crisis are open".

Bahrain’s King Hamad bin Isa Al Khalifa said that his country is “the country where the rule of law is supreme, human dignity is safeguarded and rituals are protected.”