Nadec subsidiary reduces Al-Ra'i Al-Wataniya funding limit
National Agricultural Development Company (Nadec) announced an amendment to the financing agreement for the intensive livestock development project. The maximum funding amount was reduced from 1.106 billion SAR to 750 million SAR after reviewing the project's implementation phases and its financial structure, with the aim of improving capital efficiency and reducing reliance on external financing. Additionally, the repayment grace period has been extended by one year to a total of four years, making the overall financing duration 16 years. No additional collateral is expected to be provided, as the existing guarantees will be reviewed by the Agricultural Development Fund.
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