(Bloomberg) -- Saudi Arabia's Social Development Bank introduced new initiatives to support small businesses and self-employed entrepreneurs hit by the coronavirus pandemic.
The bank allocated 9 billion riyals ($2.4 billion), according to Saudi Arabia's state news agency. The funds will be used to help 6,000 businesses with financing and a newly created portfolio will focus on companies in the health-care sector.
Read More: Saudi Arabia Tells Banks to Lend to Prevent Company Job Cuts
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