Qatar Central Bank Circular No. 7/2020E

National Guarantee Program to support the Private Sector

Referring to the directives of His Highness Sheikh Tamim bin Hamad Al Thani, the Emir of The State of Qatar, “may God protect him”, with regard to circular [No. MH / 5/2020], and within the framework of the efforts taken by the state to confront the economic effects of the emerging Covid-19 virus; it has been decided to launch a national guarantee program to respond to the repercussions of the emerging corona virus "Covid-19" to support private sector companies affected by the current conditions to enable them to obtain the necessary and immediate finance needed to pay the salaries to their employees and pay rents if any. The following are the details of the program:

First - The companies that benefit from the program

The companies that are wholly owned by the private sector and affected economically due to the new Corona virus as defined by Qatar Development Bank, with the exception of the contracting, construction and real estate companies.

Abdullah Bin Saud Al-Thani

The Governor