Saudi Central Bank to postpone payment of SMEs' dues for 6 months

23/03/2020 Argaam

 

Saudi Arabian Monetary Authority (SAMA), the Kingdom's central bank, recently launched a SAR 30 billion package for banks and financing companies that are deferring loans for small and medium enterprises (SMEs ).

 

The step will allow businesses to delay payments for six months, and it is further aimed at mitigating the potential impact of lower cash flows.

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