ADF says SAR 5B in financing approved since 2025-start

Habib Alshammari, Spokesperson of the Agricultural Development Fund (ADF)

Habib Alshammari, Spokesperson of the Agricultural Development Fund (ADF), revealed that the fund has approved loans worth SAR 5 billion since the beginning of this year.

Since its inception, ADF has provided SAR 77 billion in funding, catering to around 500,000 beneficiaries, Alshammari told Argaam on the sidelines of the 42nd Saudi Agriculture Exhibition.

In 2024 alone, the fund approved financing worth around SAR 7 billion, distributed among more than 14,000 beneficiaries.

He clarified that the fund’s loans and approvals cover several key targeted sectors, including greenhouses, poultry projects, aquaculture projects, and supply chain projects (such as marketing centers, cold storage facilities, family-run slaughterhouses, and food processing plants).

Alshammari pointed out that ADF also supports rural development and sustainable agriculture programs, which aim to empower small-scale farmers in seven key sectors, most notably: Taif rose production, Saudi coffee cultivation, fishing boats, rainfed agriculture, beekeeping and honey production, and vegetable and fruit cultivation.

After studying the needs of the local agricultural sector and tracking the possible innovative financial products, the fund recently launched new financing programs.

This includes a seasonal financing program for date trading, aimed at promoting and enhancing date trade in the Saudi agricultural market. It also rolled out a new product to finance innovative startups, designed to support innovations and distinctive industry-specific projects, he added.

According to Alshammari, ADF took part in the 42nd Saudi Agriculture Exhibition with a dedicated pavilion, showcasing its financing programs, agricultural services, and consultancy offerings.

It is welcoming all visitors — be it individuals, companies, cooperative associations, or foreign investors — to introduce them to the fund’s financing and support programs.