National Agricultural Development Co (6010)

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News

25 August 01:08 PM Nadec announces SAR 85m asset purchase agreement

Riyadh — Mubasher: National Agricultural Development Company (Nadec) has signed a binding agreement to acquire high-tech greenhouse assets from Pure Harvest Smart Agricultural Farms for a total transaction value of SAR 85 million, according to a …

Companies Investments

26 July 05:53 PM Nadec releases annual ESG report for 2025

Riyadh - Mubasher: National Agricultural Development Company (Nadec) has released its annual sustainability and environmental, social, and governance (ESG) report for 2025. The disclosure highlights the company’s progress in aligning its …

Company News

20 July 09:00 AM Nadec logs SAR 158m profits in H1-26

Riyadh - Mubasher: National Agricultural Development Company (Nadec) posted a 43.99% plunge in net profit for the second quarter (Q2) of 2026, with earnings falling to SAR 64.56 million from SAR 115.26 million in the same period last year. The …

Company News

4 June 02:15 PM Nadec announces Aljallal as Vice Chairman

Riyadh - Mubasher: National Agricultural Development Company (Nadec) named Amr Abdulaziz Aljallal as Vice Chairman of the board members on 3 June 2026, according to a bourse filing. Abdulaziz Saleh Alrebdi was announced as Chairman of the …

Board of Directors

1 February 09:54 AM Nadec’s net revenues jump to SAR 3.5bn in 2025

Riyadh - Mubasher: National Agricultural Development Company (Nadec) recorded net profits after tax attributable to the owners amounting to SAR 393.35 million in 2025, an annual drop of 49.22% from SAR 774.63 million. The revenues hit SAR 3.52 …

Financial Results

26 October 2025 05:06 PM Nadec’s net profits up to SAR 329.5m in 9M-25

Riyadh - Mubasher: National Agricultural Development Company (Nadec) generated net profits totaling SAR 329.35 million during the first nine months (9M) of 2025, up 0.84% from SAR 326.59 million in 9M-24. Earnings per share (EPS) grew to SAR 1.09 …

Financial Results

27 July 2025 06:28 PM Nadec’s profits cross SAR 218.5m in H1-25; sales up 12%

Riyadh – Mubasher: National Agricultural Development Company (Nadec) recorded an annual rise of 2.56% in net profit to SAR 218.68 million during the first half (H1) of 2025, versus SAR 213.21 million. Nadec reported sales amounting to SAR 1.84 …

Financial Results

6 July 2025 08:02 PM Nadec’s unit launches SAR 2bn livestock project to boost local meat production

Riyadh - Mubasher: Al-Ra’i National Livestock Company, a subsidiary of the National Agricultural Development Company (Nadec), launched a SAR 2 billion project in the Hail region. The intensive livestock farming and meat production project includes …

Companies Investments

24 March 2025 08:41 PM Nadec’s unit secures SAR 1.1bn facility deal

Riyadh – Mubasher: Al-Ra’i National Livestock Company, a subsidiary of National Agricultural Development Company (Nadec) inked a SAR 1.10 billion financing agreement with the Agricultural Development Fund (ADF). The company secured the loan to …

Companies Investments

24 February 2025 10:49 AM Nadec’s profits leap 156.5% in 2024 following Arabian Mills’ IPO

Riyadh – Mubasher: National Agricultural Development Company (Nadec) logged net profits amounting to SAR 774.63 million in 2024, higher by 156.45% than SAR 302.06 million in 2023. Revenues edged up by 0.73% year-on-year (YoY) to SAR 3.22 billion …

Financial Results

20 October 2024 07:25 PM Nadec records 83% YoY higher net profit in 9M-24 on back of SAR 2.43bn revenue

Riyadh – Mubasher: The National Agricultural Development Company (Nadec) witnessed an 83.39% surge in net profit to SAR 326.59 million during the first nine months (9M) of 2024 from SAR 178.08 million in 9M-23. The company attributed the annual …

Financial Results

21 August 2024 05:21 PM Saudi Arabian Mills to go public; NADEC is part of process

Riyadh – Mubasher: Arabian Mills for Food Products Company intends to proceed with an initial public offering (IPO) on the Saudi Exchange (Tadawul), according to the company’s announcement on 21 August 2024. The Saudi flour milling company plans …

Trading Activities

21 July 2024 00:45 PM Nadec’s net profit jumps 107% YoY in H1-24

Riyadh – Mubasher: National Agricultural Development Company (Nadec) reported a 107.36% year-on-year (YoY) surge in net profit to SAR 213.21 million in the first half (H1) of 2024 from SAR 102.82 million in the same period a year earlier. Sales …

Financial Results

25 June 2024 01:34 PM Saudi CMA nods for Arabian Mills IPO

Riyadh – Mubasher:  National Agricultural Development Company (Nadec) has announced that the Saudi Capital Market Authority (CMA) approved the registration and public offering of 15.39 million shares of Arabian Mills for Food Products, …

Companies Investments

5 May 2024 04:24 PM Nadec records 169% jump in Q1-24 net profit

Riyadh – Mubasher: National Agricultural Development Company (Nadec) generated net profits worth SAR 101.33 million in the first quarter (Q1) of 2024, signalling a 168.85% annual leap from SAR 37.69 million. The earnings per share (EPS) increased …

Financial Results

14 April 2024 07:53 PM Nadec names new Chairman, Vice Chairman

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 …

Management Decisions

18 February 2024 03:54 PM Nadec’s net profit jumps 216% YoY in 2023

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 …

Financial Results

29 October 2023 04:07 PM Nadec generates 153% hike in 9M-23 net profits

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 …

Financial Results

14 June 2023 11:49 AM Nadec submits capital raise request to CMA

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 …

Corporate Actions

3 May 2023 02:55 PM Nadec records 149% leap in Q1-23 net profits

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% …

Financial Results

19 February 2023 10:13 AM Nadec shifts to SAR 95.5m net profits in 2022

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 …

Financial Results

23 October 2022 01:43 PM Nadec turns profitable at SAR 70m in 9M-22

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 …

Financial Results

14 August 2022 09:26 AM Nadec returns to profits during H1-22

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 …

Financial Results

22 May 2022 10:31 AM Nadec's profits hike 137% in Q1-22

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 …

Financial Results

3 April 2022 02:58 PM Al Jouf Cement, Nadec announce accumulated losses

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 …

Financial Results