Habib Al-Shammari, official spokesman for the Agricultural Growth Fund
Habib Al-Shammari, the official spokesman for the Agricultural Growth Fund, mentioned that mortgage approvals from the start of this 12 months till now have amounted to five billion riyals, indicating that the Fund, since its institution, has supplied financing amounting to 77 billion riyals, from which about 500,000 beneficiaries have benefited.
Al-Shammari identified throughout an interview with numbers On the sidelines of the forty second session of the Saudi Agricultural Exhibition, he indicated that through the 12 months 2024, financing amounted to about 7 billion riyals, and the variety of loans reached greater than 14 thousand beneficiaries.
He defined that the loans and approvals supplied by the Fund range amongst main focused sectors, together with the next:
-Inexperienced homes.
– Poultry initiatives.
-Aquaculture initiatives.
-Provide chain initiatives (advertising and marketing facilities, chilly warehouses, household slaughterhouses, and meals processing factories).
He identified the Fund’s help for rural growth and sustainable agriculture packages, which goal small farmers in seven essential sectors, essentially the most outstanding of that are: Taif rose manufacturing, Saudi espresso cultivation, fishing boats, rain-fed agriculture, honey breeding and manufacturing, and vegetable and fruit cultivation.
He defined that the Fund just lately launched new financing packages after finding out the wants of the agricultural sector and growing them by revolutionary financing merchandise. Amongst them:
– Seasonal financing program for date commerce: It goals to encourage and promote the commerce of dates within the agricultural market.
– A brand new product for financing rising revolutionary corporations: Devoted to supporting improvements and qualitative initiatives within the agricultural sector.
He acknowledged that the Fund is taking part within the forty second Saudi Agricultural Exhibition with a particular pavilion to introduce its financing packages and agricultural and advisory companies, and it receives guests from people, corporations, cooperative societies, and overseas traders to introduce them to the financing and help packages supplied by the Fund.
