24 Hrs
Source:
المشهد العربي
Fadico shifts to licenses with 415,000 riyals loss
Fadico Company, specialized in the production and marketing of ice cream, began the transition to losses, incurring a net loss of 415,000 riyals by the end of the first half of 2026, compared to a profit of 137,000 riyals in the same period of 2025. The company attributed this negative shift to increased marketing costs and administrative expenses, due to the challenges facing the Middle East region, despite higher sales and improved operational performance. The company continues to expand and launched five new products last month to review their impact on future financial results.
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