Al-Jouf Agricultural secures SAR 80M loan from SIDF

28/07/2025 Argaam
Logo ofAl-Jouf Agricultural Development Co.

Logo of Al-Jouf Agricultural Development Co.

Al-Jouf Agricultural Development Co. signed on July 27 an agreement to secure an SAR 80 million loan from the Saudi Industrial Development Fund (SIDF).

 

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In a statement to Tadawul, the company said that the loan has a two-year term. It is fully guaranteed by a promissory note and a mortgage for the assets of Al-Jouf’s olive oil and pickles factory.

 

Al-Jouf will use the loan to finance working capital.

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