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The National Agricultural Development Company (NADEC) announces receiving a notification regarding the adjustment of fuel prices used in the company's operational activities

NADEC 6010 0.58% 17.20 0.10
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Announcement Detail The National Agricultural Development Company (NADEC) announces that it has received a notification from Saudi Arabian Oil Company (Saudi Aramco) regarding adjustments to fuel prices used in the company’s operational activities, effective January 1, 2026.

The Company would also like to inform its esteemed shareholders that this adjustment will have a financial impact on operating costs starting from the results of the first quarter of the year 2026. The Company is currently in the process of calculating the expected financial impact, and the results will be announced once the calculation is completed.

It is worth noting that the Company is in the process of completing the procedures to join the Industrial Sector Competitiveness Program, which may contribute to mitigating the financial impact and improving energy consumption efficiency. The Company also reaffirms its full commitment to implementing best available procedures and practices to enhance operational efficiency and achieve responsible and sustainable growth. Furthermore, the Company seeks to maximize the benefits of the Kingdom’s competitive infrastructure to support the achievement of its strategic objectives and safeguard shareholders’ rights.

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