Riyadh – Mubasher: National Agricultural Development Company’s (NADEC) stock jumped 5.9% to SAR 39.75 on Sunday, registering its highest level in more than three and a half years or mid-2014 on the Saudi Stock Exchange (Tadawul).

The surge came after the agricultural and food-processing company announced its takeover of Alsafi Danone. 

The stock saw trading of 908,500 shares, which were exchanged through 1,300 transactions, generating SAR 36.3 million in turnover.

In the meantime, the benchmark Tadawul All Share Index (TASI) grew by around 19.2 points to 7,860.14 points