National Agricultural Development Co (6010)

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News

27 July 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 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 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 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 …

Initial Public Offerings

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, …

Initial Public Offerings

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 …

General Assembly

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 …

Management Decisions

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

1 November 2021 02:13 PM Nadec completes construction of Haradh solar energy project phase 2

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, …

Companies Investments

21 October 2021 01:59 PM Nadec turns profitable in Q3, incurs losses in nine months

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 …

Financial Results

14 September 2021 10:23 AM Nadec obtains land deed for plot in Wadi Al Dawasir

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 …

Companies Investments

31 August 2021 04:32 PM Nadec concludes construction of solar energy project phase I

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 …

Companies Investments

4 August 2021 01:56 PM Nadec turns to loss in H1, Q2-21

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 …

Financial Results

2 August 2021 01:31 PM First phase of solar energy project is due completion this month – NADEC

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 …

Corporate Actions