Saudi agricultural fund unveils key incentives for listed companies

Logo of Agricultural Development Fund

Mostafa Al-Khabbaz, Head of Financial Analysis Department at the Agricultural Development Fund (ADF), highlighted the incentives provided to agricultural companies listed on the Saudi Exchange (Tadawul).

The incentives aim to motivate private sector companies to go public and boost readiness to be part of national development within the goals of Vision 2030, Saudi Press Agency reported.

The most prominent incentives include raising the percentage of financing for projects that use modern technologies to 75% of the investment cost for listed companies, compared to 70% for non-listed firms, as well as raising the estimated value of the project's assets mortgage to 50% for listed companies, compared to 40% for non-listed companies.

The incentives also include raising the funding ceiling for strategic projects related to food security to SAR 1 billion for listed joint stock companies, compared to SAR 900 million for non-listed companies.

This came during an online workshop held by ADF, in cooperation with Tadawul today, July 6, titled "Incentives for listing on the Saudi Exchange", with the aim of encouraging agricultural companies to list in the financial market.