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FinancialNews
24-02-18
KSA: SIDF signs USD5.8m loan agreement with Nal Foods
(MENAFN) A USD5.8 million loan deal has been signed by the Saudi Industrial Development Fund (SIDF) with Nal Foods for the funding of Tabuk's feed mill.
The agreement was declared by Nal Foods President Nadher Alhakami to be in line with Saudi Vision 2030, as it is considered to part of SIDF support to national industries.
It is also considered to contribute to the attempts made by Ministry of Agriculture to prevent growing green fodder and use feasible substitutes that include local feed mills.
The move was also confirmed to be an execution of resolutions the Council of Ministers settled on regarding feed policies.
MENAFN2402201800450000ID1096508180
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