First published: 03-May-2026 16:34:37

Fatima Al-Kashef

The National Agricultural Development Company (NADEC), listed on the Saudi Stock Exchange and operating in the food sector, has increased its ownership in the Saudi National Livestock Company (Al-Ra’i), which also operates in animal husbandry, to 100%, according to a statement from NADEC to Tadawul on Sunday.

More details

(According to Nadec's statement)

Al Ra’i for sheep and goat breeding, propagation and meat production was recently established and has not yet started its operational activity. It is a joint venture between Nadec and An’am Saudi Trading Company, one of the companies of the Al Muhaidib Saudi Group.

Nadec has signed an agreement to purchase the entire 49% stake of Anaam Company for approximately 23.7 million Saudi riyals ($6.3 million), self-financed from Nadec's internal resources, which will make it the full owner of Al-Ra'i Company.

Nadec expects the deal – which is still subject to regulatory approvals – to support its strategic and operational objectives, thereby increasing local production of red meat and reducing reliance on imports.

Company overview

(According to official data)

- Nadec: Established in 1981, and traded on the stock exchange since 1993, it operates in the food sector, including: agricultural crops, red meat production, dairy products and juices. It sells its products in Saudi Arabia and abroad. The Saudi Agricultural and Livestock Investment Company “SALIC”, which is affiliated with the Saudi Public Investment Fund, owns about 38.65% of Nadec.

- Al-Muhaidib Group: Established in 1943 and headquartered in Dammam, it is a diversified investment group that owns stakes in several companies operating in the food and consumer goods, industry and infrastructure, real estate, and financial investment sectors.

(Prepared by: Fatima Al-Kashef, Edited by: Shaimaa Hefzy, Contact: zawya.arabic@lseg.com)

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