Saudi agricultural fund dispenses SAR 320 mln loans

01/10/2018 Argaam

 

Saudi Arabia’s Agricultural Development Fund (ADF) has recently dispensed loans and grants worth SAR 320 million to miscellaneous projects around Saudi Arabia, the fund’s director general Munir bin Fahd Al-Sahli told Saudi Press Agency (SPA).

 

The loans were granted to projects spanning poultry farming, fisheries and other agriculture projects, as well as indirect funding of working capital.

 

Fahd Al-Sahli said the fund was undergoing a strategic transformation procedure to raise efficiency and increment its contributions in its areas of activity.

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