National Agricultural Development Co (6010)

Riyadh – Mubasher: The National Agricultural Development Company (Nadec) has appointed Abdulaziz Saleh Alrebdi as the new Chairman of the board. Nadec also named Ahmed Saud Sahini as the new Vice Chairman, according to a bourse filing. Alrebdi and …

Riyadh – Mubasher: National Agricultural Development Company’s (Nadec) net profit soared 216.33% year-on-year (YoY) to SAR 302.06 million in 2023 from SAR 95.49 million. The company’s revenues surged by 18.66% YoY to SAR 3.19 billion last year …

Riyadh – Mubasher: National Agricultural Development Company (Nadec) logged net profits after Zakat and tax worth SAR 178.08 million in the first nine months (9M) of 2023, marking a 153.06% jump from SAR 70.37 million in 9M-22. The earnings per …

Riyadh – Mubasher: National Agricultural Development Company (Nadec) submitted, on 12 June, a request to the Capital Market Authority (CMA) for a SAR 2 billion capital hike via a rights issue. Nadec appointed Riyad Capital as the financial advisor …

Riyadh – Mubasher: National Agricultural Development Company (Nadec) posted an annual hike of 149.27% in net profit after Zakat and tax to SAR 37.69 million in the first quarter (Q1) of 2023, versus SAR 15.12 million. Revenues increased by 22.15% …

Riyadh – Mubasher: National Agricultural Development Company (Nadec) turned profitable at SAR 95.49 million in 2022, against net losses after Zakat and tax worth SAR 285.03 million in 2021. Nadec reported an 18.57% year-on-year (YoY) rise in …

Riyadh – Mubasher: National Agricultural Development Company (Nadec) shifted to net profits after Zakat and tax worth SAR 70.37 million during the first nine months (9M) of 2022, versus net losses of SAR 7.77 million in 9M-21. The revenues surged …

Riyadh – Mubasher: National Agricultural Development Company (Nadec) moved to net profits after Zakat and tax of SAR 42.62 million during the first half (H1) of 2022, against net losses of SAR 10.98 million in the year-ago period. Revenue for the …

Riyadh – Mubasher: National Agricultural Development Company (Nadec) reported a 137.36% year-on-year (YoY) surge in net profits after Zakat and tax to SAR 15.12 million in the January-March period of 2022 from SAR 6.37 million. The company's …

Riyadh – Mubasher: Al Jouf Cement Company and National Agricultural Development Company (Nadec) have announced their accumulated losses as of the end of 2021. Al Jouf Cement has incurred SAR 343 million in accumulated losses, driven by studies …

Riyadh – Mubasher: National Agricultural Development Company (Nadec) has completed the construction of the 30-megawatt solar energy project's phase 2 in Haradh. The company has started the qualification of commercial operation for the project, …

Riyadh –Mubasher: National Agricultural Development Company (Nadec) registered net profits after Zakat and tax worth SAR 3.21 million in the third quarter (Q3) of 2021, versus losses of SAR 44.89 million in Q3-20. Revenues went up 0.7% to SAR …

Riyadh – Mubasher: The National Agricultural Development Company (NADEC) has been issued a property deed to own a land plot spanning 269.21 million square metres in Wadi Al Dawasir, according to a bourse filing on Tuesday. The pursuant decision …

Riyadh – Mubasher: National Agricultural Development Company (Nadec) has completed the construction works of the first phase of its 30-megawatt solar energy project in Haradh. This phase will be operating 10-megawatt capacity, with the final phase …

Riyadh – Mubasher: The National Agricultural Development Company (Nadec) incurred a net loss after Zakat and tax worth SAR 10.98 million in the first half (H1) of 2021, against net profits of SAR 149.81 million in H1-2020. The loss per share …

Riyadh – Mubasher: National Agricultural Development Company (NADEC) announced that the first phase of the 30-megawatt solar energy project in Haradh is expected to be completed at the end of August 2021. The first phase will therefore operate at …

Riyadh – Mubasher: National Agricultural Development Company (Nadec) has extended its memorandum of understanding (MoU) with the UAE-based Pure Harvest Smart Farms for additional four months, according to a bourse filing on Sunday. Nadec and Pure …

Riyadh – Mubasher: A consortium joined by National Agricultural Development Company (Nadec) was awarded a contract worth SAR 2.13 billion to acquire Second Milling Company in Riyadh, which was offered for privatisation by the National Centre for …

Riyadh – Mubasher: National Agricultural Development Company (Nadec) announced on 12 April the appointment of Abdulaziz Saleh Alrebdi as the Chairman of the Board. Nadec has also appointed Abdulateef Abdullah Alrajhi as the Vice Chairman of the …

Riyadh – Mubasher: The National Agricultural Development Company (NADEC) reported a net profit after zakat and tax of SAR 35.65 million in 2020, against net losses of SAR 7.3 million in 2019, as shown by the company’s annual financial results on …

Riyadh – Mubasher: The National Agricultural Development Company (NADEC) has entered into discussions regarding a proposed acquisition of either the entire share capital of Dava Agricultural Company (DAVA) or certain assets that have an area up to …

Riyadh – Mubasher: Net earnings of eleven Tadawul-listed food companies grew by 13.8% or SAR 107.39 million on a year-on-year (YoY) basis in the third quarter (Q3) of 2020. Combined profits of the Saudi food sector netted SAR 885.81 million in the …

Riyadh – Mubasher: The National Agricultural Development Company (NADEC) on Wednesday reported a turn to a net loss of SAR 44.89 million in the third quarter (Q3) of 2020, against a net profit of SAR 49.32 million in the year-ago quarter. The …

Riyadh – Mubasher: The National Agricultural Development Company (NADEC) has signed a memorandum of understanding (MoU) with Pure Harvest Smart Farms Company to build and operate approximately six-hectare high-tech hydroponic climate-controlled …

Riyadh – Mubasher: National Agricultural Development Company (NADEC) generated SAR 131.63 million in net profits during the second quarter (Q2) of 2020, up 1761.8% when compared to SAR 7.07 million in the year-ago period. Revenue increased by …