50 billion program by Saudi Arabian Monetary Authority to help Private Sector Financing in Fighting Coronavirus

The Saudi Arabian Monetary Authority have announced organizing a SR 50 billion program to help the private sector to play its role in enhancing economic growth via a package of measures including the following.

To help financing of small and medium enterprises.

To help POS and E transaction fee.

The Saudi Arabian Monetary Authority stress that the banking sector is having good performance indicators, promoting its durability and making it more able to face challenges and crises, and these indicators have positively reflected on the continued commercial banks in accomplishing their important role in the economic development in the country.

SAMA also confirms that it will continue to play its role in enabling financial stability and improving the efficiency of the financial sector to help the achievement of the Kingdom’s 2030 vision, to strengthen the march of development and prosperity being led by the Custodian of the Two Holy Mosques and HRH the Crown Prince.

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