Company Insights Nadec Agriculture Nadec Overview National Agricultural Development Company (Nadec) was the first agricultural company to be listed on the Saudi stock exchange. It is one of the largest agricultural and food-processing companies in the Middle East and North Africa. Established in 1981 by royal decree to reduce Saudi Arabia’s reliance on agricultural imports, Nadec is a joint stock public company. The government of Saudi Arabia owns 20 percent, with the rest publicly traded. Nadec opened its first milk and dairy product factory in 1984 and now owns six dairy farms with about 60,000 cows and two dairy plants with a total capacity of 1.5 million litres of milk daily. Other products include cheese, wheat, olives and fresh juices. Nadec News Analysis Agriculture Down on the farm, Saudi Arabia has a $9.8bn hole to fill The Saudi government is stepping up efforts to attract investors to its agriculture sector after identifying a funding gap of SAR37 billion ($9.8 billion). The Ministry of Environment, Water and Agriculture says there are investment opportunities in plant and animal production, as well as fisheries, processing, manufacture of agricultural products and infrastructure development. Saudi Arabia […] November 28, 2024 Markets Arabian Mills’ investor IPO tranche attracts $36bn The institutional book-building process for the initial public offering (IPO) of Arabian Mills for Food Products Company (Arabian Mills) has attracted total orders of SAR134 billion ($35.7 billion). The offering was oversubscribed 132 times by local and global investors. The company set the final offer price at SAR66 per share, the top end of the […] September 11, 2024 Markets Arabian Mills to raise up to $271m from Saudi listing Arabian Mills for Food Products Company (Arabian Mills) has set the price range for its initial public offering (IPO) between SAR62 and SAR66 ($16.52-$17.59) per share, raising between SAR954 million and SAR1.02 billion. Market capitalisation will range between SAR3.2 billion and SAR3.4 billion on listing. The institutional book-building period commenced on September 1 and will […] September 2, 2024 Markets Arabian Mills to float 30% of its stake on Saudi bourse Arabian Mills for Food Products Company (Arabian Mills) will sell 15.4 million shares, or 30 percent of its share capital, on the Saudi stock exchange. The sale comprises existing shares by Abdulaziz Al-Ajlan Sons for Trading and Real Estate Investment Company (Ajlan & Bros), Sulaiman Abdulaziz Al-Rajhi International Company, and National Agricultural Development Company (NADEC). […] August 22, 2024 Agriculture Nadec profit more than triples to $81m in 2023 Net profit at the Saudi farming giant National Agricultural Development Company (Nadec) climbed to a record high of SAR302 million ($81 million) in 2023, more than tripling from SAR96 million a year ago. The profit rise was driven by a stable market environment, good trading performance, operational efficiency and automation, the company said. Yearly revenue […] February 19, 2024 Industry Nadec profit almost triples on rising dairy and food sales The Saudi farming giant National Agricultural Development Company (Nadec) said net profit for the third quarter of 2023 rose more than 171 percent to SAR75.27 million, from SAR27.75 million a year earlier. Revenue jumped 22.55 percent year on year to SAR861.10 million, mainly due to a 23.37 percent increase in sales in the dairy and […] October 30, 2023 Agriculture Red Sea Global farm co-op builds on Saudi food plans Saudi Arabia’s Red Sea Global has set up a farm cooperative to supply its resorts, amid wider plans to boost farming and food security. The Red Sea Farm Cooperative, also known as Tamala, aims to build on Saudi Arabia’s record agricultural production levels that were achieved last year. Farmers will be able to sell their […] September 1, 2023 Agriculture Saudi dairy giant plans to turn bio-waste into fertiliser Saudi farming giant National Agricultural Development Company has signed a deal to recycle the bio-waste produced by its 92,000 cows. The business, which is known as Nadec, said an estimated 150,000 tons of bio-waste were produced annually at its dairy farms in the kingdom. In a filing to the Saudi Stock Exchange on Tuesday, Nadec […] July 25, 2023 Food & Drink Agriculture major Nadec lines up $533m rights issue Saudi food processing company National Agricultural Development Company – known as Nadec – has filed an application to regulators to increase its capital by SAR2 billion ($533 million) through a rights issue. Nadec’s application has been sent to the Capital Market Authority for approval, the company said in a statement to the Saudi Stock Exchange. […] June 13, 2023 Opinion UAE startups are critical for sustainable growth and disruption The battle against climate change must be fought on every possible front March 9, 2023 Posts navigation 1 2 Next
Analysis Agriculture Down on the farm, Saudi Arabia has a $9.8bn hole to fill The Saudi government is stepping up efforts to attract investors to its agriculture sector after identifying a funding gap of SAR37 billion ($9.8 billion). The Ministry of Environment, Water and Agriculture says there are investment opportunities in plant and animal production, as well as fisheries, processing, manufacture of agricultural products and infrastructure development. Saudi Arabia […] November 28, 2024
Markets Arabian Mills’ investor IPO tranche attracts $36bn The institutional book-building process for the initial public offering (IPO) of Arabian Mills for Food Products Company (Arabian Mills) has attracted total orders of SAR134 billion ($35.7 billion). The offering was oversubscribed 132 times by local and global investors. The company set the final offer price at SAR66 per share, the top end of the […] September 11, 2024
Markets Arabian Mills to raise up to $271m from Saudi listing Arabian Mills for Food Products Company (Arabian Mills) has set the price range for its initial public offering (IPO) between SAR62 and SAR66 ($16.52-$17.59) per share, raising between SAR954 million and SAR1.02 billion. Market capitalisation will range between SAR3.2 billion and SAR3.4 billion on listing. The institutional book-building period commenced on September 1 and will […] September 2, 2024
Markets Arabian Mills to float 30% of its stake on Saudi bourse Arabian Mills for Food Products Company (Arabian Mills) will sell 15.4 million shares, or 30 percent of its share capital, on the Saudi stock exchange. The sale comprises existing shares by Abdulaziz Al-Ajlan Sons for Trading and Real Estate Investment Company (Ajlan & Bros), Sulaiman Abdulaziz Al-Rajhi International Company, and National Agricultural Development Company (NADEC). […] August 22, 2024
Agriculture Nadec profit more than triples to $81m in 2023 Net profit at the Saudi farming giant National Agricultural Development Company (Nadec) climbed to a record high of SAR302 million ($81 million) in 2023, more than tripling from SAR96 million a year ago. The profit rise was driven by a stable market environment, good trading performance, operational efficiency and automation, the company said. Yearly revenue […] February 19, 2024
Industry Nadec profit almost triples on rising dairy and food sales The Saudi farming giant National Agricultural Development Company (Nadec) said net profit for the third quarter of 2023 rose more than 171 percent to SAR75.27 million, from SAR27.75 million a year earlier. Revenue jumped 22.55 percent year on year to SAR861.10 million, mainly due to a 23.37 percent increase in sales in the dairy and […] October 30, 2023
Agriculture Red Sea Global farm co-op builds on Saudi food plans Saudi Arabia’s Red Sea Global has set up a farm cooperative to supply its resorts, amid wider plans to boost farming and food security. The Red Sea Farm Cooperative, also known as Tamala, aims to build on Saudi Arabia’s record agricultural production levels that were achieved last year. Farmers will be able to sell their […] September 1, 2023
Agriculture Saudi dairy giant plans to turn bio-waste into fertiliser Saudi farming giant National Agricultural Development Company has signed a deal to recycle the bio-waste produced by its 92,000 cows. The business, which is known as Nadec, said an estimated 150,000 tons of bio-waste were produced annually at its dairy farms in the kingdom. In a filing to the Saudi Stock Exchange on Tuesday, Nadec […] July 25, 2023
Food & Drink Agriculture major Nadec lines up $533m rights issue Saudi food processing company National Agricultural Development Company – known as Nadec – has filed an application to regulators to increase its capital by SAR2 billion ($533 million) through a rights issue. Nadec’s application has been sent to the Capital Market Authority for approval, the company said in a statement to the Saudi Stock Exchange. […] June 13, 2023
Opinion UAE startups are critical for sustainable growth and disruption The battle against climate change must be fought on every possible front March 9, 2023
