2 Days
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مباشر
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Tabuk Q3 Losses Narrow
Tabuk Agriculture Development Co.’s losses narrowed to SAR 5.8 million in the third quarter of 2026, down 75.6% year on year and 34.5% quarter on quarter. Sales rose 240.7% after the company began marketing its onion output, trading in olive oil, and leasing orchards. The company attributed the improved results to lower costs of revenue and expenses, despite a decline in agricultural production. Losses for the first nine months also fell to SAR 26.8 million from SAR 49.1 million, despite an 86.1% drop in revenue. The auditor cautioned that uncertainty remained over the group’s ability to continue as a going concern, citing a SAR 154 million working capital deficit and negative operating cash flows of SAR 45.2 million.
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