{"id":101479,"date":"2025-10-15T00:00:00","date_gmt":"2025-10-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/15\/al-jouf-agricultural-bags-loan-to-expand-french-fries-factory\/"},"modified":"2025-10-15T00:00:00","modified_gmt":"2025-10-15T00:00:00","slug":"al-jouf-agricultural-bags-loan-to-expand-french-fries-factory","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/10\/15\/al-jouf-agricultural-bags-loan-to-expand-french-fries-factory\/","title":{"rendered":"Al Jouf Agricultural bags loan to expand French fries factory"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEBT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong><a target=\"_blank\" href=\"https:\/\/aljouf.com.sa\/\" style=\"\" rel=\"noopener\">Al Jouf<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/aljouf.com.sa\/\" style=\"\" rel=\"noopener\">Agricultural Development<\/a><\/strong><strong> lined up an SAR 81.9 mn loan agreement<\/strong><strong> from the Agricultural Development Fund to finance the expansion of a French fries factory<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/?anId=90646&anCat=1&cs=6070&locale=en\" style=\"\" rel=\"noopener\">Tadawul disclosure<\/a> on Sunday. The facility \u2014 backed by the factory\u2019s assets and part of the company\u2019s land \u2014 will be settled in 10 annual pay-offs after the grace period starts on 8 October 2028.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN CONTEXT- <\/strong>Al Jouf broke ground on its French fries factory <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/584a95a9-7bdb-4b6f-974d-069e78a60fd6\" style=\"\" rel=\"noopener\">in August 2024<\/a>, which is expected to be completed in 3Q 2026, with commercial production slated for 4Q 2026. The company has previously voiced plans to double its production capacity with investments worth SAR 87 mn.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Madinah Industrial City got new aluminum foundry and housing comple<\/strong><strong>x: <\/strong>Industry and Mineral Resources Minister Bandar Alkhorayef inaugurated a SAR 140 mn <a target=\"_blank\" href=\"https:\/\/x.com\/modon_ksa\/status\/1977782172657303631\" style=\"\" rel=\"noopener\">Saudi Aluminium Foundry<\/a> and a SAR 150 mn <a target=\"_blank\" href=\"https:\/\/x.com\/modon_ksa\/status\/1977778584170148092\" style=\"\" rel=\"noopener\">housing complex<\/a> in Madinah Industrial City, the Saudi Authority for Industrial Cities and Technology Zones (Modon) said on X. The foundry aims to localize the production of auto parts and non-ferrous metals, while the 15k sqm housing complex will accommodate up to 1.5k workers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">EDUCATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Heriot-Watt University<\/strong><strong> to ope<\/strong><strong>n Saudi campus with Almasar Alshamil:<\/strong> <a target=\"_blank\" href=\"https:\/\/masareducation.com\/\" style=\"\" rel=\"noopener\">Almasar<\/a><a target=\"_blank\" href=\"https:\/\/masareducation.com\/\" style=\"\" rel=\"noopener\">Alshamil Education<\/a>, a UAE-based subsidiary of <a target=\"_blank\" href=\"https:\/\/amanat.com\/\" style=\"\" rel=\"noopener\">Amanat Holdings<\/a>, signed a non-binding heads of terms agreement with Scotland\u2019s <a target=\"_blank\" href=\"https:\/\/www.hw.ac.uk\/\" style=\"\" rel=\"noopener\">Heriot-Watt University<\/a> to set up Heriot-Watt University Saudi Arabia, it said in a <a target=\"_blank\" href=\"https:\/\/masareducation.com\/news\/almasar-alshamil-education-and-heriot-watt-university-sign-heads-of-terms-agreement-to-open-heriot-watt-university-saudi-arabia\/\" style=\"\" rel=\"noopener\">press release<\/a> yesterday. Almasar Alshamil will act as a financial and strategic partner, while Heriot-Watt will provide academic and institutional leadership. The plan is pending final agreements and regulatory approvals. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About Heriot-Watt University: <\/strong>Established over 200 years ago in Scotland, Heriot-Watt University serves more than 25k students across campuses in the UK, Dubai, and Malaysia. It is most known for its engineering, technology, business, and finance programs and ranks among the UK\u2019s top universities for graduate employability and research in fields such as AI, energy, and health technologies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ALSO- Roshn Group to cooperate with the Municipal and Rural Affairs and Housing Ministry to improve the country\u2019s real estate development processes<\/p>\n","protected":false},"author":1,"featured_media":101480,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[1131,4564,54,57,4434,2497,10,392,347,106,496],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-101479","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-agricultural-development-fund","tag-al-jouf-agricultural-development-2","tag-also-on-our-radar","tag-debt-watch","tag-debts","tag-education","tag-enterpriseam-ksa","tag-manufacturing","tag-municipal-and-rural-affairs-and-housing-ministry","tag-real-estate","tag-roshn-group","wpautop","entry"],"acf":{"mongo_id":"92b88e7d-29f9-41bb-819f-ba0fa72adfa4","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1736.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Al Jouf Agricultural bags loan to expand French fries factory","related_issue":[101462],"teaser":"ALSO- Roshn Group to cooperate with the Municipal and Rural Affairs and Housing Ministry to improve the country\u2019s real estate development processes","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/10\/.56275a6a-efa9-4cf9-9f4a-7b751484384f.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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