7 Hrs
Source:
الاقتصادية
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Nadec's Profits Drop Over 72% Due to Regional Tensions
Nadec's net profits decreased by 72.5% during the third quarter of 2026, reaching 30.4 million SAR compared to 110.6 million SAR in the same period last year. The decline was driven by increased cost of sales resulting from regional disruptions, higher selling and marketing expenses, and lower treasury income, despite an 8% rise in revenues to 909.7 million SAR. The company expects these extraordinary pressures to gradually subside as the operating environment returns to normal, with a focus on investing in red meat products and developing high-value agricultural activities.
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