HADCO Achieves S.R 31 Million net profits
for the year 2005, an increase of 1002%and recommends
dividends for shareholders.
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Engr. Amro
F.Murad, HADCO chairman announced that hadco has achieved
S.R 30.985.900 net profits for the period ending 31-12-2005,
an increase of 1002 % compared with the year 2004 which
achieved net profit S.R 3,812,648 these achievements are
results of hadco major activities represented in (1) Fresh
and Frozen Poultry production and sales. (2)Wheat, Alfalfa,
Corn production and sales. (3) Grapes, Olives and Dates
production and sales. Engr. Amro expressed his appreciations
for this outstanding result which is the best since the past
14 years as it is attributed to the major company activities
restructed together with the setting and following strategic
competitive relative advantage. apparently those result are
considered as a strong foundation for promising future of
the company .further these results are also related to the
customers and the clients confidence in HADCO products
together with the sincere efforts and high effency of HADCO
staff supported with directions and unlimited support of the
member of the Board of Directors ad the committees
designated by the Board. Engr. Morad added that HADCO is
aiming to invest and expand to the extent which will inpower
its abilities to provide consumes inside or outside KSA with
fresh agro products either within existing activities or in
activities integrated and homogenized with HADCO business.
HADCO Board of Directors has already recommended the
distribution of dividends S.R 2.5 per one share. Payment of
dividends will be the right of shareholders as registered in
HADCO records at the end of Tadawul on the General Assembly
day which will be held on Monday 10/4/2006 corresponding to
12/3/1427 H.
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