“Al-Jouf” signs a facilities agreement with “Saudi Fransi” worth 150 million riyals

Yesterday, Al-Jouf Agricultural Development Company signed a Sharia-compliant banking facilities agreement with the Banque Saudi Fransi.
The company said in a statement on the Saudi Tadawul: The value of the financing is 150 million riyals.
She added that the financing period: one year ending on December 31, 2025.
It stated that the guarantees provided in exchange for financing: a promissory note.
She indicated that the purpose of the facilities is to support working capital, finance documentary credits, issue letters of guarantee to support the company’s expansion plans, and support and finance the new potato fingers factory expansion project.