Saudi Arabian fund launches $986 mln initiatives to support industrial enterprises
Tuesday 16/June/2020 - 03:23 PM
The Saudi Industrial Development Fund (SIDF) said on
Tuesday it launched initiatives totaling 3.7 billion riyals ($986.40 million)
to support private sector industrial enterprises impacted by the coronavirus
pandemic.
The initiatives include deferment and restructuring
of loan instalments for small, medium and large enterprises, as well as medical
ones. They also include lines of credit to finance operating expenses for up to
three months for some small and medium-sized enterprises, SIDF said in a
statement.
