COVID-19: Saudi central bank extends deferred payment programme

Move meant to support private sector financing until June 30

Last updated: March 08, 2021 | 06:31

Samir Salama, Associate Editor

1 MIN READ

The headquarters of Saudi Arabia’s central bank in Riyadh.

Bloomberg

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Abu Dhabi: Saudi Arabia’s Central Bankk has extended a deferred payment programme to support private sector financing for an additional three months - until June 30 - as part of measures to stem the impact of the COVID-19 pandemic on the economy.

In addition, a statement published on the Central Bank's website said a guaranteed financing programme had been extended for an additional year - until March 14, 2022 - to support small and medium enterprises.