Coronavirus: Saudi Central Bank announces 50 billion riyal package
Package to support the private sector, says Saudi Central Bank statement
Image Credit: Bloomberg
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.