‎Al-Jouf Agricultural secures SAR 80M loan from SIDF

‎Al-Jouf Agricultural secures SAR 80M loan from SIDF ‎Al-Jouf Agricultural secures SAR 80M loan from SIDF

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Logo ofAl-Jouf Agricultural Development Co.

Al-Jouf Agricultural Development Co. signed on July 27 an agreement to secure an SAR 80 million loan from the Saudi Industrial Development Fund (SIDF).

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In a statement to Tadawul, the company said that the loan has a two-year term. It is fully guaranteed by a promissory note and a mortgage for the assets of Al-Jouf’s olive oil and pickles factory.

Al-Jouf will use the loan to finance working capital.

 

Logo ofAl-Jouf Agricultural Development Co.

Al-Jouf Agricultural Development Co. signed on July 27 an agreement to secure an SAR 80 million loan from the Saudi Industrial Development Fund (SIDF).

For more news on listed companies

In a statement to Tadawul, the company said that the loan has a two-year term. It is fully guaranteed by a promissory note and a mortgage for the assets of Al-Jouf’s olive oil and pickles factory.

Al-Jouf will use the loan to finance working capital.

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