As part of its commitment to supporting the National Agriculture Strategy and the Food Security Strategy through innovative financing solutions and banking services, Alinma has signed a memorandum of cooperation with the Agricultural Development Fund (ADF).
The memorandum aims to advance initiatives for developing the agricultural sector by providing financing, facilities, and a range of financial solutions to enterprises of all sizes - small, medium, and large.
Under the memorandum, the two parties will strengthen their collaboration to offer credit facilities guaranteed by the Fund, supporting the import of agricultural products, supplies, and essential food commodities, as well as covering the operational costs of agricultural activities - reinforcing food security and promoting the sustainability of the Kingdom's agricultural sector.