Al-Jouf Agricultural signs loan deal with Agricultural Fund for SR186 million to establish French fries factory

Al Jouf Agricultural Development Company (Jadco) announced on Thursday the signing of a loan agreement with the Agricultural Development Fund with an amount of SR186 million.

Financing duration will be for 10 Years, with 10 annual installments starting on 07-02-2025 and ending on 02-07-2034 according to payment schedule with ADF.

Guarantees offered for the financing is mortgage part of company land and the fixed assets of the new French fries project.

The financing aims to establish French fries factory. There are no related parties.