Tabuk Agricultural Development Company announces receipt of the second 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 of 9,939,999 riyals (nine million nine hundred thirty-nine thousand and nine hundred and ninety-nine riyals) of the total amount of the operational financing loan from the Agricultural Development Fund, amounting to 50,500,000. Riyal (fifty million five hundred thousand Saudi riyals).
Tabuk Agricultural Development Company announces its receipt on Thursday 18/01/2024 AD, corresponding to 06/07/1445 AH, 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 and nine hundred and ninety-nine riyals and 82 halalas of the total loan amount of 50,500,000 riyals. |
| Date of obtaining the funding | 2024-01-18 Corresponding to 1445-07-06 |
| Financing entity | Agricultural Development Fund |
| Financing amount. | 29,819,999.82 riyals (only twenty-nine million eight hundred and nineteen thousand nine hundred and ninety-nine riyals and 82 halalas)
Which represents the second 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 | Any material events in this regard will be announced later. |
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