Agricultural Development Fund of Saudi Arabia (ADF) | |
Native Name: | صندوق التنمية الزراعية |
Native Name Lang: | ar |
Hq Location City: | Riyadh, Kingdom of Saudi Arabia |
Key People: | Abdulrahman Al-Fadhli (Chairman) |
Website: | https://adf.gov.sa/en/ |
Agricultural Development Fund of Saudi Arabia (ADF) was founded pursuant to a royal decree in 1963. The main purpose of its establishment is to finance the agricultural activities in Saudi Arabia by providing loans to farmers.[1] The Director General of the ADF is Munir bin Fahd Al Sahli. Since its establishment 54 years ago, the IDF had paid an amount of $8.8bn to support emerging and small farmers.[2] In 2018, the ADF allocated an amount of $800m to promote the sustainable rural development program of Saudi Arabia.