JAZADCO secures SAR 25M loan from ADF

Logo of Jazan Development and Investment Co. (JAZADCO)

Jazan Development and Investment Co. (JAZADCO) signed a loan agreement with the Agricultural Development Fund (ADF), valued at SAR 25 million.

According to a statement on Tadawul, JAZADCO received the two-year loan on July 21, aiming to finance the working capital of its shrimp farm.

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The company stated that a property mortgage was provided as collateral for the loan, confirming that there are no related parties involved.