Tabuk Agricultural Development Company announces that today, Sunday 19th November 2023AD, corresponding to 05/05/1445 AH, an agreement was signed with the Agricultural Development Fund to obtain an operational financing loan in accordance with the Fund’s lending systems and regulations, at a value of 50,500,000 Saudi Riyals (Fifty Million Five Hundred Thousand Riyals), payable to the Fund in November 7, 2025 AD, with the guarantee of the company’s land. It is expected to receive the amount in the coming days, and the resulting impact of this loan will support the company's operations and agricultural program, noting that there are no other relevant parties. An announcement will be made later when the amount is received from the fund.
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