SAAB Extends 10,128 Agricultural Loans in Tabuk Province
Posted by Zawya
Saudi Press Agency
14 June 2010
Tabuk -- The number of loans extended by the branch of the Saudi Arabian Agricultural Bank in Tabuk province up to 1431H amounted to 10,128 loans valued at SR1,706,002,214.
Director of the branch in Tabuk province Mohammed Al-Alawi said it has supervised the implementation of projects for production of eggs and poultry, as well as for sheep-breeding, greenhouses, and production of wheat, fodders, fruits and vegetables.
He noted that the branch has been extending short -term loans which are repaid after the end of one year from the date of receiving the loan.
He added that sometimes the fund extends medium-term loans for digging wells and establishing irrigation systems and purchasing fishing equipment.
Al-Alawi said the role of SAABSAABLoading... is not confined to extending loans and subsidies, but it also undertakes the role of guidance to farmers.
© Saudi Press Agency 2010
News Link: http://www.zawya.com/Story.cfm/sidZAWYA20100614104221/SAAB%20Extends%2010%2C128%20Agricultural%20Loans%20in%20Tabuk%20Province
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