Tabuk Agricultural Development Company announces receiving a part 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 11/19/2023 AD corresponding to 05/05/1445 AH regarding the signing of an operational financing loan agreement with the Agricultural Development Fund for a total amount of 50,500,000 Saudi Riyals (Fifty million five hundred thousand Saudi riyals).
Tabuk Agricultural Development Company announces its received on Monday 25/12/2023 AD corresponding to 12/06/1445 AH part of the operational loan amounting to 9,939,999 Saudi Riyals (Nine million nine hundred and thirty-nine thousand nine hundred and ninety-nine riyals). |
| Date of obtaining the funding | 2023-12-25 Corresponding to 1445-06-12 |
| Financing entity | Agricultural Development Fund |
| Financing amount. | 9,939,999 SR (Nine million nine hundred and thirty-nine thousand nine hundred and ninety-nine riyals)
Which represents part 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 | Any material events in this regard will be announced later. |
Comments