In a move reflecting Saudi Arabia’s commitment to enhancing food security and developing the agricultural sector, the Board of Directors of the Agricultural Development Fund approved during its second meeting of the current fiscal year 2025 loans and credit facilities exceeding 2.7 billion Saudi Riyals, with total investment costs amounting to 4.3 billion Riyals, distributed across various regions of the Kingdom.

Diverse Projects to Support Supply Chains and Food Security
The Fund’s CEO, Munir bin Fahd Al-Sahli, explained that the approved applications included diverse developmental loans directed to farmers and agricultural investors, aiming to balance local development and the provision of essential goods to citizens. These loans were distributed across several vital sectors, including:
• Poultry breeding, production, and automated slaughterhouses.
• Vegetable production in greenhouses as a step towards sustainable agriculture.
• Fish farming in inland waters to support self-sufficiency in fish.
• Cold storage warehouses and agricultural product marketing centers.
• Red meat production and agricultural processing industries.
Additionally, several loans were approved under the program for financing the import of agricultural products targeted by the National Food Security Strategy. This aims to strengthen the strategic stockpile of essential food commodities and ensure the stability of supply chains amid regional and global challenges.
With this, the total approved loan amounts reached over 4.6 billion Riyals by the end of the first half of the current fiscal year.
Performance Review and Internal Policy Updates
During the meeting, the board also reviewed the Fund’s overall performance report up to the end of May 2025, along with the developmental, economic, and social impact report for the previous fiscal year. These reports highlight the positive impact of the Fund’s programs on supporting agricultural development, creating job opportunities, and improving production efficiency.
The board approved a set of new policies to enhance corporate governance and operational quality, including:
• Updating the cybersecurity policy to protect beneficiary and institutional data.
• Approving a conflict of interest and disclosure policy to ensure integrity and transparency in dealings.
The board also reviewed reports from its subsidiary committees and made necessary recommendations to support ongoing institutional work and achieve the Fund’s strategic goals.
Thanks to Leadership and Commitment to Continued Support
At the end of the meeting, CEO Munir Al-Sahli expressed his gratitude and appreciation to the wise leadership — may God protect them — for the support and empowerment granted to the Fund, emphasizing that this empowerment has clearly contributed to achieving the objectives of the national agricultural strategy and enhancing the Kingdom’s ability to face food challenges regionally and internationally.
Al-Sahli noted that the Fund continues to operate with a comprehensive vision aimed at achieving agricultural sustainability, rural development, and stimulating the private sector, praying to God to perpetuate the Kingdom’s blessings of security, prosperity, and growth.
Source: alsaudialyaum.com