9,500 establishments benefited from the Social Development Bank’s support initiative to confront the Corona virus pandemic

Within the recently announced package of Social Development Bank support initiatives that aim to contribute to alleviating the financial and economic burdens resulting from the economic impacts resulting from confronting the new Corona virus pandemic, which included both: Postponing the installments of establishments financed by the bank for a period of 6 months, effective From the month of April and rescheduling existing financing, the bank announces the completion of processing incoming applications to benefit from the initiative, which numbered about 9,500 commercial establishments across the Kingdom’s regions financed by the bank’s customers, with a financial value exceeding 150 million riyals. The initiative included extending the grace period for the bank’s customers. An additional period of 6 months, and rescheduling to finance establishments operating in the affected activities, as well as postponing the payment due for 6 months, starting last April.