“Tabuk Agricultural” receives a notification from Aramco to adjust diesel prices

On January 1, Tabuk Agricultural Development Company received a notice from Saudi Aramco amending the prices of diesel used in the company’s production operations, effective January 1, 2025.
According to the company’s statement on Tadawul Saudi Arabia, the direct financial impact of the increase in the price of diesel will be an increase in the expected production cost by a rate representing about 5.6% of the cost of revenues, according to the company’s latest audited annual financial statements for the year 2023 AD.
According to the statement, the company will continue its work and endeavor to achieve its strategy of increasing its revenues, reducing costs, raising the efficiency of operational operations, and using all facilities to displace liquid fuel during the coming years, in line with the Kingdom’s Vision 2030 to achieve sustainable development.