Saudi Arabia's Project Support Fund signed a deal with Tadawul to provide long-term loans for listed companies in a bid to fuel economic growth and encourage more listings.
Under the agreement, the fund will provide financing options to private sector companies in the healthcare, education and real estate industries, the kingdom's Ministry of Finance said in a statement on Sunday.
"The agreement contributes to bolstering the increase of financing limits for the listed companies in projects in the sectors that the Projects Support Fund Initiative targets, in order to encourage these companies to create new projects in the targeted sectors and to encourage unlisted companies to become listed," it added.
The agreement was signed by Fahad Al-Saif, chief executive of the National Debt Management Centre and Khalid Al-Hussan, chief executive of the Saudi Stock Exchange.
The Projects Support Fund, which is supervised by the Ministry of Finance, focuses on providing financing to select sectors. It was set up as part of the kingdom's economic stimulus measures with initial capital of 10 billion Saudi riyals ($2.67bn)
Saudi Arabia has introduced various stimulus measures to cushion the economy from the impact of the coronavirus pandemic.
Last year, the Arab world's second-largest economy unveiled 142 stimulus initiatives worth 214bn riyals to provide support amid the pandemic.
In November, the Saudi Central Bank extended its loan deferral programme until the end of the first quarter of 2021 in an effort to assist affected businesses.
The regulator said the decision would allow it to continue to empower the financial sector to play its role in supporting micro, small and medium enterprises, contribute to economic growth and maintain employment in the private sector.
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What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
ESSENTIALS
The flights
Emirates flies from Dubai to Phnom Penh via Yangon from Dh2,700 return including taxes. Cambodia Bayon Airlines and Cambodia Angkor Air offer return flights from Phnom Penh to Siem Reap from Dh250 return including taxes. The flight takes about 45 minutes.
The hotels
Rooms at the Raffles Le Royal in Phnom Penh cost from $225 (Dh826) per night including taxes. Rooms at the Grand Hotel d'Angkor cost from $261 (Dh960) per night including taxes.
The tours
A cyclo architecture tour of Phnom Penh costs from $20 (Dh75) per person for about three hours, with Khmer Architecture Tours. Tailor-made tours of all of Cambodia, or sites like Angkor alone, can be arranged by About Asia Travel. Emirates Holidays also offers packages.
Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
MORE ON TURKEY'S SYRIA OFFENCE
Dr Afridi's warning signs of digital addiction
Spending an excessive amount of time on the phone.
Neglecting personal, social, or academic responsibilities.
Losing interest in other activities or hobbies that were once enjoyed.
Having withdrawal symptoms like feeling anxious, restless, or upset when the technology is not available.
Experiencing sleep disturbances or changes in sleep patterns.
What are the guidelines?
Under 18 months: Avoid screen time altogether, except for video chatting with family.
Aged 18-24 months: If screens are introduced, it should be high-quality content watched with a caregiver to help the child understand what they are seeing.
Aged 2-5 years: Limit to one-hour per day of high-quality programming, with co-viewing whenever possible.
Aged 6-12 years: Set consistent limits on screen time to ensure it does not interfere with sleep, physical activity, or social interactions.
Teenagers: Encourage a balanced approach – screens should not replace sleep, exercise, or face-to-face socialisation.
Source: American Paediatric Association
F1 drivers' standings
1. Lewis Hamilton, Mercedes 281
2. Sebastian Vettel, Ferrari 247
3. Valtteri Bottas, Mercedes 222
4. Daniel Ricciardo, Red Bull 177
5. Kimi Raikkonen, Ferrari 138
6. Max Verstappen, Red Bull 93
7. Sergio Perez, Force India 86
8. Esteban Ocon, Force India 56