Government Stimulus Programs Contribute to Mitigating Impact of Coronavirus Pandemic, Says SAMA Governor

Tuesday 1443/3/20 - 2021/10/26
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Riyadh, Oct. 26, 2021, SPA -- Governor of the Saudi Central Bank (SAMA) Dr. Fahd Al-Mubarak stressed that the Saudi government initiatives and stimulus programs have contributed to mitigating the impact of the coronavirus pandemic, especially those within the scope of the small and medium enterprises (SMEs).
Addressing a session titled "Banking on the Future: the Outlook for Financial Institutions in the GCC and Beyond" held within the activities of the fifth edition of the Future Investment Initiative (FII) in Riyadh today Dr. Al-Mubarak said that SAMA launched several programs to support enterprises that fall within the scope of the small and medium enterprises and ceased operation and suspended business activity.
Participants in the session pointed out that the leaderships of the Kingdom of Saudi Arabia and the United Arab Emirates are very interested in investment and economic issues and banking sectors, and providing everything that is suitable for investors, stressing that technology widely draws the future of investment.
19:25 LOCAL TIME 16:25 GMT