Tabuk Agricultural Development Company announces receipt of the third installment of the operating loan amount from the Agricultural Development Fund
| Element List | Explanation |
|---|---|
| Introduction | In addition to the company’s announcement issued on the Tadawul website on 26/12/2023 AD, corresponding to 13/06/1445 AH, regarding the receipt of the first installment in the amount of 9,939,999 riyals (nine million nine hundred and thirty-nine thousand and nine hundred and ninety-nine riyals). And the announcement issued on the Tadawul website on 21/01/2024 AD, corresponding to 09/07/1445 AH, regarding receipt of the second installment of the financing loan in the amount of 29,819,999.82 riyals (only twenty-nine million eight hundred and nineteen thousand nine hundred and ninety-nine riyals and 82 halalas of the total loan amount of 50,500,000 riyals). Of the total amount of the operational loan from the Agricultural Development Fund, amounting to 50,500,000 riyals (fifty million five hundred thousand Saudi riyals).
Tabuk Agricultural Development Company announces its receipt on Wednesday 24/04/2024 AD, corresponding to 15/10/1445 AH, the third installment of the operational loan, in the amount of 10,436,999.94 riyals (only ten million four hundred and thirty-six thousand nine hundred and ninety-nine riyals and 94 halalas of the total loan amount). The amount is 50,500,000 riyals. |
| Date of obtaining the funding | 2024-04-24 Corresponding to 1445-10-15 |
| Financing entity | Agricultural Development Fund |
| Financing amount. | 10,436,999.94 Saudi Riyals (only ten million four hundred and thirty-six thousand nine hundred and ninety-nine riyals and 94 halalas
Which represents the third installment of the total financing amount of 50,500,000 riyals |
| Financing duration. | Two years |
| Guarantees offered for the financing | Mortgage of the company's land |
| Financing objective | Supporting the company's operational programs |
| Related Parties | None |
| Additional Information | According to the loan agreement, Tabuk Agricultural Development Company bore an amount of 303,000 riyals (three hundred and three thousand riyals) in exchange for monitoring and evaluation services for the benefit of the Agricultural Development Fund. |
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