JEDDAH, 27 March 2004 — Saudi agricultural producer Bisha Agricultural Development Company posted a net loss of SR1 million for 2003, slightly down from a net loss of SR1.1 million for 2002. This was after reporting a net loss of SR820,000 for the first nine months of 2003, compared to SR645,000 for the same period of 2002. The company’s total assets decreased to SR31 million from SR31.8 million, while total liabilities edged up to SR8.6 million from SR8.5 million. Shareholders’ equity declined 4.3 percent year-on-year to SR22.4m.