The Saudi Agriculture Development Fund has approved several loans, worth over SR861 million ($229 million), to finance working capital for the import of agricultural products, within endeavors to strengthen food security in the Kingdom.
The Fund’s Vice Chairman and General Manager, Munir bin Fahd Al-Sahli, stated that the approval of the loans came by government directives to keep pace with current international developments, to ensure an abundance of stock and stability of supplies, and to avoid any disruption in supply chains.
