(MENAFN- Saudi Press Agency)
Riyadh, Dhu-Al- Qa'dah 23, 1438 H., August 15, 2017, SPA -- The Agricultural Development Fund (ADF) has signed a partnership agreement with the Saudi French Bank in Riyadh to provide credit facilities and provide financing products that meet the needs of the agricultural sector and contribute to food security and sustainability of natural resources.
The agreement was signed by Deputy General Manager for Investment and Treasury at the ADF Firas bin Saleh Al-Saeed and Director of Government Institutions at the SFB Nawaf bin Youssef Al-Zukair.
In accordance with the agreement, a financial guarantee will be provided to the customers of the Fund to obtain credit facilities through the bank in the form of loans and documentary credits and refinancing them in order to increase the share of the agricultural sector from the financing of commercial banks.
--SPA
17:58 LOCAL TIME 14:58 GMT
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