Mazen Badawood, CEO at Al Jouf Agricultural Development Co. (JADCO)
Mazen Badawood, CEO at Al-Jouf Agricultural Development Co. (JADCO), anticipates robust demand during the fourth quarter of 2025, backed by preparations for the Ramadan season, which should reflect positively on the company’s performance over the coming period.
He told Argaam that the annual increase in the company’s Q3 2025 profits came as a result of a 21% year-on-year (YoY) rise in sales.
The industrial segment was the biggest contributor to the company’s third-quarter profitability, said the top executive, adding that the elevated revenues for the same period were driven by higher volumes of the industrial and the wheat sales on an annual basis.
The CEO further noted that the uptick in sales volumes of the industrial segment reached 11% as of Sept. 30, 2025. However, the wheat harvest recorded a significant growth, compared to Q3 2024, as no wheat quantities were sold during the third quarter of this year.
According to data available with Argaam, Al-Jouf Agricultural’s profit rose to SAR 73 million by the end of the first nine months of 2025, compared to SAR 67.1 million in 9M 2024. The third-quarter bottom line reached SAR 19.9 million.
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