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NADEC received a notice from Saudi Aramco regarding an adjustment to the prices of fuel products used in its operations
National Agricultural Development Co. (NADEC) was notified by Saudi Arabian Oil Co. (Saudi Aramco) of adjusting fuel prices, effective Jan. 1, 2026.
In a statement to Tadawul, the company said the adjustment is expected to have a financial impact on operating costs starting from Q1 2026.
NADEC added that it is currently assessing the anticipated impact and will disclose the details once the assessment is complete.
The firm is in the process of completing procedures to join the Industrial Sector Competitiveness Program, which may help offset the financial effect and improve energy consumption efficiency.
NADEC reaffirmed its commitment to implementing best practices and procedures to improve operational efficiency and pursue responsible and sustainable growth.
It also emphasized its focus on leveraging Saudi Arabia’s competitive infrastructure to achieve its strategic objectives and safeguard shareholders’ rights.
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