Saudi food service company Herfy says difficult to determine financial impact of COVID-19 restrictions
Saudi food service company Herfy said it is unable to determine the financial impact the COVID-19 restrictions will have on its business.
The company, listed on Tadawul, the Saudi stock exchange, said on Sunday (Apr 12) that it also cannot determine the financial impact of the support package the government is handing out to the private sector.
Saudi authorities have announced several financial support packages for different sectors of the economy, including the government covering 60% of salaries in private sector industries for the next three months, as part of a 9 billion riyals ($2.4 billion) package announced Apr 3.
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