Saudi Monetary Authority directs banks to postpone 3-month installment payments

Saudi Monetary Authority directs banks to postpone 3-month installment payments
The Saudi Monetary Authority directed banks to postpone the payment of 3-month installments for all financing products without any fees on Friday. (File)
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Updated 24 April 2020
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Saudi Monetary Authority directs banks to postpone 3-month installment payments

Saudi Monetary Authority directs banks to postpone 3-month installment payments

RIYADH: The Saudi Arabian Monetary Authority directed banks to postpone the payment of 3-month installments for all financing products without any fees due to the outbreak of coronavirus, it announced on its website on Friday.

The directives, which start from the beginning of the month, target Saudi workers who are covered according to the system of unemployment, the authority said.