TADCO notified of diesel price adjustment by Aramco

05/01/2025 Argaam
Logo ofTabuk Agricultural Development Co. (TADCO)

Logo of Tabuk Agricultural Development Co. (TADCO) 

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.

 

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In a statement to Tadawul, the company pointed out that this adjustment will result in an increase in production costs equivalent to nearly 5.6% of the cost of sales, as per the company’s 2023 audited financial statements.
 
TADCO will continue its effort to  increase revenue, reduce costs, improve operational efficiency, and utilize all available facilities to displace liquid fuel in the coming years, in line with Saudi Vision 2030 to achieve sustainable development, the statement added. 

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