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Al-Jouf Agricultural Development Co Gets SAR150 Million Loan from ADF

MT Newswires·09/10/2026 10:55:33
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10:55 AM EDT, 09/10/2026 (MT Newswires) -- Al-Jouf Agricultural Development Co (SASE:6070) secured a 150 million-Saudi-riyal loan from the Agricultural Development Fund, or ADF. The loan will be repaid in five annual installments following a grace period running from Sept. 7, 2027, to Sept. 7, 2031, according to a Thursday release. The Saudi Arabian agricultural production company said the loan will help finance the costs of its internal conversion project under Saudi Arabia's Liquid Fuel Displacement Program.