The Ministry of Industry and Mineral Resources is working with the Ministry of Finance on studying the situation of distressed industrial companies to ensure their sustainability through the Saudi Industrial Development Fund’s (SIDF) programs.

 

“The situation of distressed firms is worrisome and has been receiving strong focus from the Kingdom,” Al-Eqtisadiah newspaper reported, citing Bandar Alkhorayef, Minister of Industry and Mineral Resources.

 

A program developed by the finance ministry aims to ensure the going-concern of distressed firms. Both ministries agreed to define distressed firms and provide them with the required financial support.

 

Some firms are in need of legislations, technical and administrative aid, rather than financial aid, Alkhorayef added.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request