Balady secures SAR 280.5M loan from ADF

05/11/2025 Argaam- Nomu
Logo ofBalady Poultry Co.

Logo of Balady Poultry Co.

Balady Poultry Co. signed today, Nov. 5, a loan agreement worth SAR 280.52 million with the Agricultural Development Fund (ADF).

 

The funding is aimed at financing the construction of a slaughterhouse and a factory for the production of poultry meat and its derivatives, according to a Tadawul filing.

 

The Saudi-listed company said the financing came with a tenor of 12 years, granting a two-year grace period. It is guaranteed by a mortgage of project assets, corporate guarantees, and a notarial deed.

 

There are no related parties involved in the deal, it noted.

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