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March 11, 2022
The program encourages Saudi banks to loan to small businesses by guaranteeing a portion of the funds, and was launched in response to the coronavirus-related economic downturn in Saudi Arabia.
March 11, 2022
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
March 10, 2022
He Saudi Central Bank (SAMA) has announced the extension of the Guaranteed Financing Program — one of SAMA's Private Sector Financing Support Programs — for one more year until March 14, 2023, for micro, small and medium enterprises (MSMEs).
March 7, 2022
RIYADH: The Saudi Central Bank, known as SAMA, has extended a guaranteed financing scheme for micro, small, and medium-sized businesses for one more year. To date, the Guaranteed Financing Program has benefited over 13,000 contracts with a total financing value of more than SR11 billion ($3 billion), the bank said in a statement. It will now be extended until March 14th, 2023.
September 30, 2021
The Saudi Central Bank (Sama) has extended the Deferred Payment Program from October 1, 2021 to December 31, 2021 for the benefit of micro, small and medium enterprises (MSMEs) that continue to be affected by the Covid-19 precautionary measures.