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SADAFCO finalises building Tabuk's SAR 17m warehouse

SADAFCO finalises building Tabuk's SAR 17m warehouse
Financed by SADAFCO’s resources, the project's commercial operation will start on 25 January 2018
SADAFCO
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Riyadh – Mubasher: Saudi Dairy and Foodstuff Company (SADAFCO) on Tuesday announced that it has completed the establishment of a warehouse in Tabuk at a value of SAR 17 million.

Financed by SADAFCO’s resources, the project's commercial operation will start on 25 January 2018, according to a statement to the Saudi Stock Exchange (Tadawul).

The warehouse will replace the existing one in a bid to improve the efficiency of the supply chain and boost growth in sales, the company added.

In February 2017, SADAFCO had awarded construction contract to First Technical Contracting Co to build Tabuk warehouse at a value of SAR 13 million.

The firm’s stock remained unchanged, closing Tuesday at SAR 122.60.