The Agricultural Development Fund today signed a financing agreement for a sheep farming project in Al-Shanan Governorate in Hail region, with a total value of 1.106 billion SAR and an investment cost of over 2 billion SAR. The agreement was signed with the National Livestock Company in the presence of the Minister of Environment, Water, and Agriculture and the Chairman of the Fund, Engineer Abdulrahman bin Abdulmohsen Alfadhli. Representing both parties in the contract were the Fund’s Executive Credit Officer, Engineer Badr bin Suleiman Al-Malik, and the Chairman of the Board of Directors of the company, Dr. Suleiman bin Abdulaziz Al-Tuwaijri.
The Executive Director of the Agricultural Development Fund, Munir bin Fahd Al-Sahli, emphasized the Fund’s commitment to diversifying its financing programs and inclusivity of funded sectors for all agricultural activities, including the livestock sector through funding livestock projects in various regions of the Kingdom. This aim is to enhance food security, ensure the stability and sustainability of food supply chains, especially targeted agricultural products in the food security strategy, including red meats. He confirmed that the Fund seeks to achieve comprehensive agricultural economic growth and contribute to food security and sustainability by encouraging and supporting investment in key sectors, as well as targeted products in the food security strategy.
