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Saudi Central Bank extends guaranteed financing program for small businesses

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.

Al-Monitor Staff
Al-Monitor Staff
Mar 10, 2022
Saudi central bank
Saudi Minister of Finance Mohammed Al-Jadaan (L) and Ahmed Alkholifey, Governor of the Saudi Arabian Monetary Authority, Central Bank of Saudi Arabia, attend a meeting of finance ministers and central bank governors of the G20 nations in the Saudi capital Riyadh on Feb. 23, 2020. — FAYEZ NURELDINE/AFP via Getty Images

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