RIYADH, 22 April 2004 — The National Company for Agricultural Development (NADEC), posted SR8.3 million in profits for the first quarter of 2004, tripling the profit for the same period last year.
Abdulaziz Al-Babteen, general manager of the company, said that the results showed a 16 percent increase in sales, which reached SR115.7 million. Al-Babteen pointed out that the amount of profit is proof that the company is performing well. Today, the company will distribute SR3 per share, which is 6 percent of the company’s capital.