TADCO Notified of Diesel Price Adjustment by Aramco

Tabuk Agricultural Development Co. (TADCO) was notified by Saudi Arabian Oil Co. (Saudi Aramco) of amendments in prices of diesel used in the company’s activities, effective as of Jan. 1.

In a statement to Tadawul, the company pointed out that this adjustment will have a near 5.6% financial impact on the cost of sales, as per the latest issued income statement in 2023.

 

TADCO will continue its work and efforts to achieve the company’s strategy of increasing revenue, reducing costs, improving operational efficiency, and utilizing all available facilities to displace liquid fuel in the coming years, in line with Saudi Vision 2030 to achieve sustainable development, the statement added.