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Saudi central bank announces one-year extension of SME financing program

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Saudi Central Bank announced the extension of its guaranteed financing program for micro, small, and medium enterprises for one year until March 14 2023, in a statement.

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The scheme was introduced in March of 2020 during the intial COVID-19 outbreak.

It offered SMEs deferrals on bank payments, concessional financing, and exemptions from the costs of a loan guarantee program.

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