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Article: HADCO gets USD 26.7m loan to finance project in Sudan.
- Article from:
- ADP News Middle East & Africa
- Article date:
- June 25, 2009
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(ADPnews) - Jun 25, 2009 - Saudi-based Hail Agricultural Development Co (HADCO) (SAU:6030) said Tuesday in a statement to the Saudi bourse it had signed an agreement with the state-run Saudi Development Fund (SDF) for a SAR 100 million (USD 26.7m/EUR 19.1m) long-term loan to finance a project in northern Sudan.
The project is HADCO's first venture abroad and is part of its overseas expansion strategy.
The financing comes under the fund's Saudi Export Programme (SEP).
In May, HADCO and Almarai (SAU:2280), Saudi ...