TADCO inks SAR 15M financing deal with ADF
Tabuk Agricultural Development Co. (TADCO) signed today, May 22, an agreement with the Agricultural Development Fund (ADF) to obtain an operational financing loan in accordance with ADF's regulations and lending guidelines, a statement said to Tadawul.
Valued at SAR 15 million, the loan is scheduled for repayment on May 22, 2027.
TADCO expects to receive the funds in the coming days, noting that the loan will support its operational activities and agricultural program.
There are no related parties to the agreement, the statement noted.
An announcement will be made once the funds are received, it added.
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