2021-09-07

www.arabnews.com

More than $4billion was pumped into Saudi Arabian small and medium businesses by the Kingdom's banks to help them get through the height of the pandemic, it has been revealed.

Homma Hashem, general manager of the country's Small and Medium Enterprises Loan Guarantee Program, known as Kafalah, said the size of the lending represented a 106 percent rise on 2019 as firms battled to stay afloat as Covid-19 swept the globe. 

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