Agricultural Development Fund says NPLs to drop to SAR 2.5 bln by year-end

Saudi Arabia’s Agricultural Development Fund (ADF) expects a drop in non-performing loans to SAR 2.5 billion from SAR 3.06 billion by the end of 2018, Al-Eqtisadiah reported.

The collection rate reached 92 percent, the fund said, adding that it has not financed overseas investment projects thus far.

The fund is currently preparing to extend the livestock breeders’ program across the Kingdom, it added. The program was launched in the Northern borders’ area to finance the operating costs of small breeders.