Riyadh Chamber, SAMA Discuss Financing Challenges

Riyadh Chamber and the Central Bank (SAMA) discussed financing challenges, in the transport sector.

The chamber was represented by the Transport Committee.

The meeting held by the committee, with a number of officials of the Central Bank of Saudi Arabia, reviewed a number of challenges facing small and medium-sized enterprises, in the transport sector, with some financing agencies, within the programs of the Central Bank to support the private sector, Board member and Chairman of the Transport Committee Saud Al-Nafie explained.

Pointing out that the meeting came within the framework of the committee’s keenness to communicate with the Central Bank, he added that the meeting was addressing these challenges, in order to enhance the benefit of small and medium-sized enterprises, in the transport sector from such an initiative..

For its part, the Central Bank provided an explanation of the program, answering inquiries related to it, in addition to emphasizing the rights of customers, benefiting from the program and welcoming communication through the SAMA Cares online portal, to address complaints and reports.

The Saudi Central Bank explained to the committee the necessity of educating the establishments, operating in the transport sector, included in the program, to cooperate with the financing agencies, and provide them with the documents required to complete the necessary procedures, regarding the program..