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معلومات مباشر
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Tabuk Agricultural Development Company recorded a net loss of SAR 5.8 million in the third quarter of 2026, down 75.6% from the same period in 2025 and 34.5% from the second quarter. The improvement came as sales rose 240.7%, following the start of marketing onion production, trading in olive oil, and leasing orchards, alongside lower cost of revenue, expenses, and finance costs. For the first nine months of the year, losses fell 45.45% to SAR 26.8 million, despite revenue dropping 86.1% to SAR 4.5 million. The auditor warned of a SAR 154 million working capital deficit and negative operating cash flows of SAR 45.2 million. The company also reduced its capital to SAR 76.5 million to write off accumulated losses.
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