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Saudia Dairy and Foodstuff Company (Sadafco) announces the latest development regarding the construction of a new depot in Tabuk

SADAFCO 2270 16.92% 351.00 50.80

Saudia Dairy and Foodstuff Co. announces the latest developments on Update regarding the construction of a new warehouse in Tabuk as following:
Further to our announcements of 28 December 2016 and 2nd February 2017, regarding the construction of a warehouse in Tabuk, SADAFCO is pleased to announce that the project has been successfully completed within schedule at budgeted cost of SAR 17 million. The warehouse will be fully operational in 25 January 2018 the project was funded through Company own resources, generated through operations.
The new warehouse which will replace the existing rented location, is expected to improve overall value chain efficiencies and cater for growth in sales.

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