SAMA extends deferred payment, guaranteed financing programs

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The Saudi Central Bank (SAMA) announced extending the deferred payment program to support the private sector until June 30, 2021. 

Moreover, SAMA extended the guaranteed financing program for an additional year until March 14, 2022. 

The extension 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. 

The guaranteed financing program can be used through banks and financing companies subject to the supervision of SAMA.  

The number of beneficiaries from deferred payment program, since its launch on March 14, 2020, reached almost 99,000 with SAR 124 billion deferred payments, the statement added.