Agricultural Development Fund of Saudi Arabia
 | |
Native name | صندوق التنمية الزراعية |
|---|---|
| Founded | 26 April 1963 |
| Headquarters | Riyadh, Kingdom of Saudi Arabia |
Key people | Abdulrahman Al-Fadhli (Chairman) |
| Website | https://adf.gov.sa/en/ |
Agricultural Development Fund of Saudi Arabia (ADF) was founded pursuant to a royal decree in 1963. The main purpose of its establishment is to finance the agricultural activities in Saudi Arabia by providing loans to farmers.[1] The Director General of the ADF is Munir bin Fahd Al Sahli. Since its establishment 54 years ago, the IDF had paid an amount of $8.8bn to support emerging and small farmers.[2] In 2018, the ADF allocated an amount of $800m to promote the sustainable rural development program of Saudi Arabia.[2]
References[edit]
- ^ "Agricultural Development Fund". Eyeofriyadh.com. Retrieved 2019-07-17.
- ^ a b "Saudi fund allocates $800m to sustainable rural development". Gulf Business. 2018-10-21. Retrieved 2019-07-17.
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