IssuerAnnouncementDetailsV2Portlet
Actions
The National Agricultural Development Company (NADEC) announces receiving a notification regarding the adjustment of fuel prices from Aramco
| Element List | Explanation |
|---|---|
| Announcement Detail | The National Agricultural Development Company (NADEC) hereby announces that it has received notification from Saudi Aramco of an adjustment in fuel product prices used in its operations and distributions, effective January 1, 2024. The company would like to emphasize to its esteemed shareholders that the amendment would lead to an increase in production and distribution costs. However, the Company will be working on: Minimizing the impact: Implementing operational efficiency measures and exploring alternative energy sources to mitigate cost increases. Investing in innovation: Continuing research and development in sustainable agriculture technologies to enhance productivity and reduce reliance on traditional fuels. Collaborative approach: Working closely with partners and suppliers to identify mutually beneficial solutions to address the challenges posed by the fuel price increase. The company is currently studying the financial impact of prices changes on the company’s production cost, to reflect the impact in the first quarter results of the fiscal year 2024. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
Share
Company Performance
Key Parameters
Last Price 21.06
Net Change -0.04 (-0.19%)
Value Traded (Sar) 12,457,101
Volume Traded 590,174
LoginPortletPopupv2
Actions
AddtoWatchlistv2
Actions