King Salman issues SR50 Billion to mitigate Economic Impact

King Salman the custodian of Two Holy mosques have ordered a new package of SR 50 Million to mitigate the economic impact of COVID-19 to the kingdom’s economy

An allocation of SR50 Billion was provided to expedite the payment of dues from private sector.

King Salman issues SR50 Billion to mitigate Economic Impact

This initiation shows the concern of King towards private sector companies in this pandemic situation which will slowdown their productivity as well as impact Saudi Arabia’s economic growth.

This package will provide a financial support and relief to private companies who are struggling to pay their dues.

The package will help small & medium businesses which are most affected by Coronavirus.

30% discount on April & May electricity bills for commercial, industrial and agricultural sectors.