The Saudi Arabian Agricultural Bank (SAAB) has reported in its annual report that 3,942
loans worth SR 626.9 million (U.S. $ 167.17 million) were approved during fiscal 1997. This
amount is 28.6 percent higher than that for the previous year. In addition, SAAB granted
farmers SR 453 million (U.S. $ 120.8 million) specifically for the purchase of agricultural
equipment in that year.