AlRaie Company Signs Over 1.1 Billion Riyal Financing Agreement to Boost Livestock and Red Meat Sector

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Under the patronage of His Excellency the Minister of Environment, Water, and Agriculture, and Chairman of the Agricultural Development Fund (ADF), AlRaie Company has signed a financing agreement worth over 1.1 billion riyals. This agreement aims to strengthen the company’s investments in livestock breeding and fattening, and support its projects in the red meat sector, in accordance with sustainability standards and circular economy principles. It also focuses on supporting local content, enhancing national partnerships, creating job opportunities, and localizing red meat production technologies. This initiative is part of AlRaie’s strategy to bolster food security in the Kingdom and contribute to achieving the goals of Vision 2030.