ADF OKs SAR 2.7B in loans
Saudi Arabia's Agricultural Development Fund (ADF) approved over SAR 2.7 billion ($720 million) in financing and credit facilities across the Kingdom, the board announced following its second meeting for 2025, the Saudi Press Agency (SPA) reported.
Approvals included a mix of development loans for farmers and financing for projects in poultry farming, automated slaughterhouses, greenhouse vegetable production, inland fish farming, cold storage, agricultural marketing centers, red meat production, and agri-industrial initiatives.
ADF also gave the go-ahead for some loans under its agricultural import financing program.
The latter initiative supports Saudi Arabia's food security strategy by boosting strategic reserves and maintaining supply chain stability.
Total loan approvals as of the first half of this year exceeded SAR 4.6 billion.
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