Saudi Central Bank Announces 50 Bln Riyal Coronavirus Financing Package
Category:
Coronavirus
Saudi Arabia's central bank said on Saturday it had prepared a 50 billion riyal ($13 billion) package to help small and medium-sized enterprises cope with the economic impacts of the coronavirus outbreak.
The funding from the Saudi Arabian Monetary Authority (SAMA) is aimed at granting SMEs six-month deferrals on bank payments, concessional financing and exemptions from the costs of a loan guarantee programme.
SOURCE : GULFNEWS
15 Mar, 2020
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