The Saudi Arabian Monetary Agency (Sama) has unveiled a new system to evaluate the performance of small and medium enterprises (SMEs), Arab News reports. The system will help Saudi banks provide funding to these SMEs.
The government will support SMEs as they play a crucial role in the economy, especially in creating jobs for Saudis. The new assessment system would make SMEs one of the major sectors that receive bank loans and will boost the kingdom’s economic development.
Click here for the story from Arab News.
