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Nadec subsidiary reduces Al-Ra'i project fund
The National Agricultural Development Company "NADAC" has amended the financing agreement for the intensive livestock husbandry project to set a maximum loan limit of 750 million riyals, following an internal review of the project. The financing cap was reduced from 1.106 billion riyals to 750 million riyals, with the repayment grace period extended to 4 years, making the total financing duration 16 years. This move aims to improve capital utilization efficiency and reduce the dependency on external funding, by developing an execution model and reducing guarantee requirements, without the need for additional collateral.
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