TADCO receives part of operating loan from ADF

26/12/2023 Argaam

TADCO receives part of operating loan from ADF

Logo of Tabuk Agricultural Development Co. (TADCO) 

Tabuk Agricultural Development Co. (TADCO) received on Dec. 27 a portion of the operating loan, amounting to SAR 9.94 million, from the Agricultural Development Fund (ADF), according to a statement to Tadawul.

 

This sum constitutes a segment of the total financing, which is SAR 50.5 million.

 

The financing period is two years, with the company's land mortgaged as a guarantee, TADCO stated.

 

There are no related parties involved, and any significant developments in this regard will be announced later, the statement added.

 

In November, TADCO signed an agreement with the ADF to obtain an operating loan worth SAR 50.5 million, in accordance with the fund’s lending laws and regulations, according to data available on Argaam.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Most Read