Saudi Arabia’s development funds announced a set of initiatives to alleviate the repercussions of the Corona pandemic on SMEs. (Asharq Al-Awsat)

Saudi Financing Initiatives Seek to Earmark 20% of Lending Program to SMEs

Saudi Arabia’s development funds announced measures to support government initiatives. This is to alleviate the economic impact of the coronavirus pandemic. With the SMEs and the medical sector receiving a great share. The Kingdom launched initiatives to support small and emerging projects; with the aim to earmark 20% of the lending portfolio to this segment...

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