Tabuk Agricultural gets third loan installment of SAR 10.44M from ADF

25/04/2024 Argaam
Logo ofTabuk Agricultural Development Co. (TADCO)

Logo of Tabuk Agricultural Development Co. (TADCO)

Tabuk Agricultural Development Co. (TADCO) received on April 24 the third installment of its operational loan at SAR 10.44 million, out of the total loan amounting to SAR 50.5 million, from the Agricultural Development Fund (ADF).

 

The two-year loan, which is guaranteed by a pledge of the company’s land, aims to support operational activities, TADCO said in a statement to Tadawul.

 

Under the loan agreement, TADCO received an amount of SAR 303,000 for monitoring and evaluation services on behalf of ADF.

 

The company received the first installment of SAR 9.94 million in December 2023, and the second installment of SAR 29.82 million in January 2024, according to Argaam data.

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