Saudi Arabia approves loans worth $229.6mln for agricultural imports

Faisal Al Nasser

The loans will help ensure the food security of the country

Lilian Wagdy, Reuters News

March 17, 2022

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DUBAI - Saudi Arabia's Agricultural Development Fund (ADF) approved loans worth 861 million riyals ($229.49 million) to finance agricultural imports, the government credit institution said on Thursday.

The loans will help ensure the food security of the country, the statement added.

($1 = 3.7518 riyals)

(Reporting by Lilian Wagdy; Writing by Lina Najem Editing by Raissa Kasolowsky)

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