TADCO inks contract to supply Wafrah with processed potatoes at SAR 14 mln

Logo of Tabuk Agricultural Development Co. (TADCO)

Tabuk Agricultural Development Co. (TADCO) signed a contract today, Dec. 22, with Wafrah for Industry and Development Co. to supply the latter with its processed potato product, at a value of SAR 14.03 million (exclusive of logistics costs and VAT).

TADCO will provide Wafrah with quantities of processed potatoes based on the supply schedule agreed upon in the deal, which is deemed a continuation of cooperation between the two sides in various fields, according to a Tadawul statement.

The agreement is valid as of today until Feb. 28, 2024. It is expected to have a positive impact on TADCO’s Q3 and Q4 2023 financials, as well as Q1 2024 earnings.