Riyadh – Mubasher: The Agricultural Development Fund of Saudi Arabia (ADF) called upon investors and food companies to submit loan requests to finance the import of agricultural products targeted in the food security initiative.
The fund allocated SAR 2 billion via direct and indirect loans in support of the said initiative, state-run Saudi Press Agency (SPA) reported on Wednesday.
The loans aim at maintaining the stability of food markets through ensuring continuity of supply chains and abundant supply.
This initiative targets the products of rice, sugar, soybeans, and yellow corn, as well as red meat, and cooking oils. Other products will be added to the list as per market needs.
