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National Agricultural Development Co. NADEC
NADEC 0.25%
Agriculture 0.48%
TASI 0.09%
24.44
Last Value
+0.06
Change
0.25%
% Change
Price in SAR Last Update : 08 Dec 2016 3:15 pm (local time)

Profile

Corporate Details
Symbol NADEC
ISIN Code SA0007879568
Exchange Saudi Arabia
Sector Agriculture & Food Industries
Auditors Ernst & Young
Company Description

The National Agricultural Development Company (NADEC) is one of the largest agricultural and food-processing share stock companies in the Middle East and North Africa. Established in 1981 by royal decree, it is a joint stock public company – 20% owned by the Government, with the rest publicly traded on the Saudi Stock Exchange.

NADEC provides the tastiest, finest and healthiest nutritional products through two key businesses – NADEC Foods for consumer products and NADEC Agriculture for agricultural produce.

Company Activities

The National Agricultural Development Company (NADEC) offers more than 100 products which include Fresh Milk, Laban, Yoghurt, Cheese, Fruit Juices in convenient formats to address different occasions and consumer needs.

The agricultural part of the business provides a range of different products; from onions, potatoes and fruits to olives, wheat, corn and alfalfa, as well as other nutritional animal fodder which is used to feed the dairy cows on the farms.

Fruits include peaches, apricots and plums, whereas vegetables comprise of potatoes, onions and tomatoes. Other crops such as wheat, clover, shami corn and Rhodes grass are grown on thousands of acres of land across four major projects in Haradh, Wadi Al-Dawasser, Hail and Al Jouf.

Equity Profile
Date Established Jun 1, 1981
Listing Date N/A
Paid-up Capital (SAR) 700,000,000
Outstanding Shares 70,000,000
Shares Per Value 10
Contact Information

Address:
P.O. Box 2557, Riyadh 11461,Kingdom of Saudi Arabia.

Phone:
+966 1202 7777

Fax:
+966 1405 5522

Email:
info@nadec.com.sa

Website:
http://www.nadec.com.sa/en-us/home.aspx

Company History

NADEC was established in 1981 with a start-up equity capital of SR 400 million. The Saudi Arabia Government owns 20% of the company. NADEC is the first and largest agricultural shareholding company in Saudi Arabia and is involved in the production of a variety of crops including wheat, fodder, maize, potatoes and more.

Board Members & Senior Management
Sheikh Sulaiman Al Rajhi Chairman
Mr. Patrick Satamian CEO
Eng. Abdulaziz M. Al-Babtain Managing Director
Mr. Abdul Wahab Bin Saleh Al Rajhi Board of Directors
Mr. Sameer Bin Ali Qabbani Board of Directors
Mr. Mohammed Bin Abdullah Abunayyan Board of Directors
Mr. Fahad Bin Thunayan Al-Thunayan Board of Directors
Eng. Mohammed bin Abdullah Al-Shiha Board of Directors
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