Saudi Central Bank Extends Deferred Payment Program for Private Sector MSMEs

With the Saudi economy set on a dynamic track to return to pre-pandemic levels, the Saudi central bank (SAMA) said on Tuesday it is extending a deferred payment program to help small businesses impacted by the coronavirus crisis by another period of three months, starting July 1. The program - meant to support micro, small, and medium enterprises (MSMEs) affected by precautionary measures during the COVID-19 pandemic - was launched in March 2020. Moreover, SAMA reaffirmed its keenness to maintain stability in the Kingdom’s financial sector. SAMA clarified that during this extension MS

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