TADCO inks SAR 50.5 mln financing deal with ADF

19/11/2023 Argaam

TADCO inks SAR 50.5 mln financing deal with ADF

Logo of Tabuk Agricultural Development Co. (TADCO)

Tabuk Agricultural Development Co. (TADCO) signed today, Nov. 19, a financing agreement with the Agricultural Development Fund (ADF) to obtain an operating loan worth SAR 50.5 million, in accordance with the fund’s lending laws and regulations.

 

In a statement to Tadawul, TADCO said the financing value is payable to the fund on Nov. 7, 2025, and the company’s land is collateral for the loan.

 

It is expected to receive the full amount in the coming days. This financing will support the company's operations and agricultural program, the statement added, noting there are no other related parties.

 

An announcement will be made later upon loan receipt, TADCO stated.

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