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The Saudi Arabian Agricultural Bank (SAAB) joined Sadad




 






The Saudi Arabian Agricultural Bank (SAAB) joined SADAD on February 16, 2008 allowing borrowers  to pay their owed premiums to the Saudi Arabian Agricultural Bank in an easily and quickly way, across all banking channels in various parts of the Kingdom, whether through the bank's branches participated in the system, or through ATM machines, phone banking and internet banking.

The Saudi Arabian Agricultural Bank (SAAB) is a public credit institution, specializing in providing finance for various agricultural activities in all regions of the Kingdom to assist in the development of the agricultural sector and the enhancement of its production efficiency by introducing up-to-date methods and technology provide soft interest-free loans to farmers, to enable them to secure such industry as machinery, irrigation pumps, agricultural equipment, livestock and poultry keeping and fish farming equipment.

SAAB's loans concentrated two types: Ordinary Farming Loans, and Specialized Agricultural Projects Where it provides loans and the needed credits facilities to help in the agricultural sector development, which include the following: cultivating, storing and marketing agricultural produce and forest products as well as promoting livestock raising, poultry breeding, and fish farming, reclaiming land, providing water supply facilities required for the above mentioned purposes.