The Saudi Agricultural Development Fund approves financing loans worth more than two billion riyals
Distributed across a number of regions in the Kingdom to enhance the strategic stock and stabilize food supply chains

The Board of Directors of the Agricultural Development Fund held its third meeting for the current fiscal year yesterday, headed by the Minister of Environment, Water and Agriculture, Chairman of the Board of Directors, Abdulrahman bin Abdulmohsen Al-Fadli.
The CEO of the Fund, Munir bin Fahd Al-Sahli, explained that during the meeting, the Board approved providing financing loans and credit facilities worth more than two billion riyals in a number of regions in the Kingdom, including development loans, and financing projects in various sectors to enhance local production, and sustain food security, most notably the production of red meat, the production of broiler poultry and eggs, the production of vegetables in greenhouses, fish farming and production, and refrigeration and freezing warehouses, in addition to financing working capital in partnership with banks for a program to import a number of agricultural products targeted in the food security strategy to enhance the strategic stock and ensure the stability of food supply chains.
He explained that the Council discussed a report on the status of agricultural projects funded by the Fund in the past five years in terms of operation, production and achieving funding targets, in addition to reviewing the Fund's overall performance report from the beginning of the current fiscal year until the end of last August, according to "SPA".

Al-Sahli stated that the Fund's Board of Directors reviewed a presentation on updating some of the Fund's regulations, and the Council also reviewed the reports of its committees and made appropriate recommendations regarding them.

Source: https://www.alarabiya.net/