The Saudi central bank extended by three months one of the stimulus measures it introduced last year to mitigate the impact of the coronavirus crisis on the private sector by allowing late repayments on loans.
The Deferred Payment Program has been extended for an additional three months until the end of this year for small and medium businesses that continue to be affected by COVID-19-related restrictions, the central bank said in a statement.
For the latest headlines, follow our Google News channel online or via the app.
Since its launch in March last year the program has been applied to over 100,000 contracts with a total value of 174 billion riyals in deferred payments, it said.
- Saudi central bank licenses two more fintech companies to provide payment services
- Saudi Central Bank SAMA launches instant 24/7 payment system ‘sarie’
- SAMA renamed to Central Bank of Saudi Arabia, policy remains unchanged says governor
- Coronavirus: Saudi banks to support business to avoid job cuts says central bank
- Saudi central bank will intervene if liquidity needed: Governor
- Coronavirus: Saudi Central Bank announces $13 bln financing package