Bloomberg News

Saudi Arabia Might Require Banks to Lend to SMEs, Hayat Reports

March 04, 2012

Saudi Arabia might require banks to allocate part of their loans to small- and medium-sized businesses, al-Hayat reported, citing Labor Minister Adel Faqih. The kingdom may also allow establishment of banks dedicated to SME lending, the newspaper reported.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net


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