Secured Financing Program with ADF

Secured Financing Program with ADF

About the Secured Financing Program with the Agricultural Development Fund (ADF)

The program was launched by the ADF in collaboration with The Saudi Investment Bank (SAIB). It aims to provide a range of financing products and credit services to enhance food security and ensure the sustainability of natural resources. 
This agreement represents a significant step towards advancing agricultural development initiatives through sustainable financing. It empowers the ADF and SAIB to contribute to the growth of the economic and agricultural sectors while fostering an ideal public-private sector partnership, a key strategic objective of Vision 2030 and the National Transformation Program.

Financing Process

• Client to submit a financing request to the ADF along with all required documents.
• The ADF will study and evaluate the submitted application in accordance with the program's criteria.
• If initially approved, the customer will be referred to the Bank which will study the possibility of accepting / rejecting the financing request.
• If the Bank accepts the application, the ADF will be notified of the conditional approval pending submission of the Payment Guarantee.
• Once the payment guarantee is received from ADF, credit agreement can be signed between the bank and the customer and accordingly avail the facility.

Required documents

• Facilities’ requesting letter.
• Authorization to obtain credit details.
• Copy of the Commercial Registration.
• Audited financial statements for three years (for existing projects).
• Bank account statement of the last 12 months.
• Any further documents the ADF may requires.

For more information, please visit the program page on the Agricultural Development Fund website: Home Page (adf.gov.sa)