(MENAFN)A restructuring program to hoard SR120 million (USD32 million), has been inaugurated by the National Agricultural Development Company (NADEC).
The program will evaluate organizational setup, resource planning infrastructure, and financial performance, declared the company to the Saudi stock exchange on Sunday.
NADEC is going to work with Bain & Company consultants throughout the program, which is estimated to last two years.
By an overall impact of approximately SR120 million (USD32 million), NADEC predicts the program to develop the company’s net profit in the range of SR40 million in the second quarter of this year.
MENAFN11012021000045011369ID1101416532
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.