Al-Jouf Agricultural obtains SAR 50 mln loan from SIDF

09/11/2023 Argaam

Al-Jouf Agricultural obtains SAR 50 mln loan from SIDF

Logo of Al-Jouf Agricultural Development Co. 

 Al-Jouf Agricultural Development Co. obtained on Nov. 8 a loan worth SAR 50 million from the Saudi Industrial Development Fund (SIDF).

 

The two-year loan is aimed at financing working capital, according to a statement on Tadawul.

 

The loan was guaranteed by the company with the total loan amount and a mortgage document for the assets of the Al-Jouf olive oil and pickles factory, the statement added.

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