The Board of Directors of the Agricultural Development Fund, during its second meeting of the current fiscal year, approved a package of developmental and investment loans valued at over SAR 2.7 billion, with total investment costs exceeding SAR 4.3 billion.
The approved loans include financing for a variety of projects across several sectors, including poultry, automated slaughterhouses, greenhouses, inland aquaculture, red meat production, agricultural industries, and supply chains. Additionally, funding was allocated for the import of targeted agricultural products aligned with the national food security strategy.
The Board also approved a number of new policies related to the Fund’s operations and reviewed the general performance report for the first half of the current fiscal year, as well as the Fund’s developmental, social, and economic impact report for the previous year. Furthermore, the Board reviewed reports from its subcommittees and issued the appropriate recommendations.
