TADCO approves 2030 strategy

Logo of Tabuk Agricultural Development Co. (TADCO)

Tabuk Agricultural Development Co. (TADCO) said it is implementing several strategic and operational initiatives, most notably a five-year strategic plan for 2026-2030 approved by the board of directors.

The plan aims to develop the company’s operations, enhance asset utilization efficiency, boost revenue growth, and improve financial and operational sustainability in line with its future direction.

The company is also implementing initiatives to improve operational efficiency and rationalize expenses, according to a statement to Tadawul today, May 21.

These initiatives include reducing general and administrative expenses, as well as reviewing and optimizing marketing and distribution costs.

The measures are part of efforts to improve financial performance and strengthen sustainability, with a target to cut expenses by nearly 40% by the end of 2026.

TADCO also signed a consulting agreement with Deloitte Financial Advisory Services Co. to provide specialized consulting services.

The agreement includes independent professional reviews and analyses of certain financial, operational, control, and governance aspects related to previous periods through the end of 2025.

It aims to support performance efficiency, improve procedures, and strengthen internal controls in line with best professional practices.

TADCO continues to explore partnership and cooperation opportunities with specialized investment and operational entities to support its future plans and maximize the utilization of its assets and operational capabilities, the statement added.

The company affirmed its commitment to continuing development initiatives and plans in accordance with best professional and regulatory practices to serve the interests of shareholders and support business sustainability.

According to data available with Argaam, TADCO’s board of directors recommended reducing capital by 80.47% from SAR 391.77 million to SAR 76.52 million, to offset accumulated losses.

The company’s accumulated losses stood at SAR 315.24 million as of March 31, 2026, representing 80.47% of its capital.