The Saudi Industrial Development Fund launched initiatives totaling 3.7 billion riyals (986.40 million dollars) to support industrial projects for the private sector that were affected by the Corona virus pandemic.

According to Reuters, the initiatives include deferral of payments and restructuring of loan premiums for small, medium and large companies, including medical ones, according to Reuters. It also includes lines of credit to finance operating expenses of up to three months for SMEs, the fund said in a statement.