Sadr secures SAR 74.6M credit facilities from ADF

14/08/2024 Argaam
Logo ofSadr Logistics Services Co.

Logo of Sadr Logistics Services Co. 

Sadr Logistics Services Co. sealed a SAR 74.6 million loan agreement with the Agricultural Development Fund (ADF), as per the fund's lending regulations, according to a Tadawul filing today, Aug. 14.

 

For more news on listed companies

 

The loan will finance the establishment of the Logistics Services Complex Project (Sadr Park) in Riyadh’s Industrial Gate City, supervised by the Saudi Authority for Industrial Cities and Technology Zones (MODON). The project aims to create an integrated logistics area with advanced storage solutions for refrigerated, frozen, and dry goods, supporting Sadr's expansion strategy for logistics services.

 

The 10-year funding is guaranteed by a mortgage covering the project’s assets (construction and equipment) and a mortgage on the project’s land.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.