23 April 2020 – Directed banks to postpone payments of all financing products for Saudi workers registered for social insurance

Intervention Categories: Finance policy and financial aid; Monetary and macro-financial policy
Level of Jurisdiction: National

Overview: The Saudi Arabian Monetary Authority has directed banks to postpone payments on all financing products for a period of three months without any additional costs or fees for Saudi workers who are registered/covered in support according to the unemployment insurance system (SAND).
Full details here: http://www.sama.gov.sa/ar-sa/News/Pages/news553.aspx