March 17, 2020 / 12:12 PM / 17 days ago

Israeli mall operator Azrieli sets up fund to help hard-hit renters

JERUSALEM, March 17 (Reuters) - Israeli mall operator Azrieli Group said on Tuesday it established a 100 million shekel ($26 million) fund to help out retail renters who have been forced to shut down to help prevent the spread of the coronavirus.

The cash assistance will be available as long-term loans, and the company said it would also ease requirements for rent payments until things return to normal. ($1 = 3.8554 shekels) (Reporting by Ari Rabinovitch; Editing by Tova Cohen)

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