|Sector||Food and Staples Retailing|
Ernst & Young|
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.
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.
|Date Established||Jun 1, 1981|
|Paid-up Capital (SAR)||700,000,000|
|Shares Per Value||10|
P.O. Box 2557, Riyadh 11461,Kingdom of Saudi Arabia.
+966 1202 7777
+966 1405 5522
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.
|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|