Package to support the private sector, says Saudi Central Bank statement
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.
Sign up for the Daily Briefing
Get the latest news and updates straight to your inbox