SIDF launches SAR 3.7 bln initiatives to support industrial enterprises

16/06/2020 Argaam

 

The Saudi Industrial Development Fund (SIDF) launched initiatives totaling SAR 3.7 billion ($986.40 million) to support private sector industrial enterprises impacted by the coronavirus pandemic.

 

The initiatives include deferment and restructuring of loan installments for small, medium and large enterprises, as well as medical ones, Reuters reported on Tuesday, citing the fund’s statement.

 

They also include lines of credit to finance operating expenses for up to three months for some small and medium-sized enterprises.

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