The losses of the National Agricultural Development Company (NADEC) amounted to about 285.03 million riyals in 2021, compared to a net profit after zakat and tax of about 35.65 million riyals in 2020.
Al-Arabiya reported that Nadec's losses increased by 300.3% in the fourth quarter of 2021 to 277.3 million riyals, compared to losses of about 69.3 million riyals in the fourth quarter of 2020.
NADEC said in a statement on the Saudi Tadawul that the accumulated losses amount to 2.96% of the paid-in capital of about 1.02 billion riyals.
