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SAMA confirms extension of payment deferral program until Q1 2021-end

The Saudi Central Bank (SAMA) announced extending the deferred payment program to support the private sector until Q1 2021-end. The move comes as part of SAMA’s efforts to enable the financial sector to play its key role in supporting the private sector, particularly the micro, small and medium-sized enterprises, the central bank said in a statement.

The decision also enables SAMA to maintain financial sector’s stability and support economic growth, in line with the Kingdom’s efforts to mitigate the COVID-19 pandemic fallout on various economic sectors.

News source ~ Arab News