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FINANCIAL NEWS
Saudi ADF to extend investors’ loans
17 Nov 2013
(MENAFN) Saudi Agricultural Development Fund (ADF) plans to extend loans to investors who plan to invest abroad in 2014, according to Arab News.
Khaled Fuheed, undersecretary of the Ministry of Agriculture, said: “The value of these loans will be determined according to the scale of the project and the guarantees provided. Although the Saudi Agricultural and Livestock Investment Company (SALIC) is a government company with a capital of USD 799 million, it is operated with a private sector culture and mindset.”
The undersecretary said forming food security committee is one of the recommendations of the Environment Program of the United Nations’ Food and Agriculture Organization.
“The committee includes the ministries of commerce and industry, planning and economy, the Agricultural Development Fund and food commission,” he said.
More News
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BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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