Agricultural Development Fund of Saudi Arabia

Agricultural Development Fund of Saudi Arabia (ADF)
Native name
صندوق التنمية الزراعية
Founded26 April 1963 (1963-04-26)
Headquarters
Riyadh, Kingdom of Saudi Arabia
Key people
Abdulrahman Al-Fadhli (Chairman)
Websitehttps://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

  1. ^ "Agricultural Development Fund". Eyeofriyadh.com. Retrieved 2019-07-17.
  2. ^ a b "Saudi fund allocates $800m to sustainable rural development". Gulf Business. 2018-10-21. Retrieved 2019-07-17.


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