TADCO secures SAR 14.85M loan from ADF

16/06/2025 Argaam
Logo ofTabuk Agricultural Development Co. (TADCO)

Logo of Tabuk Agricultural Development Co. (TADCO)

Tabuk Agricultural Development Co. (TADCO) received the full amount of an operational financing loan from the Agricultural Development Fund (ADF) on June 15.

 

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The loan amounted to SAR 14.85 million after deducting SAR 150,000 for monitoring and evaluation services as required by the fund, TADCO said in a statement to Tadawul.

 

The financing has a two-year term and is secured by pledging company-owned land and shares in an investment portfolio as collateral, the company added.

 

TADCO said the financing aims to support its operational activities, and it will disclose any material developments related to the loan as they arise.

 

It also confirmed that no related parties are involved in the deal.

 

On May 22, TADCO signed an agreement with the ADF to obtain a SAR 15 million operational financing loan in accordance with ADF’s regulations and lending guidelines. The loan is scheduled to mature on May 22, 2027, according to Argaam data.

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