On August 25, 2026, The National Agricultural Development Company (NADEC) announced the signing of a binding Asset Purchase Agreement with Pure Harvest Smart Agricultural Farms SP LLC to acquire the assets of a six-hectare high-tech greenhouse facility located within NADEC's premises in Haradh, Kingdom of Saudi Arabia, for a total consideration of SAR 85 million. The facility, which has been operational since 2022, utilizes hydroponic and climate-control systems to produce fresh tomato varieties year-round. The transaction will be financed through a combination of NADEC's internal resources and commercial bank financing, with facility handover targeted for Q4 2026 and operations expected to commence in Q1 2027. The acquisition supports NADEC's strategy to strengthen its high-tech protected agriculture capabilities, enhance operational integration, and advance Saudi Vision 2030 food security objectives, with the financial impact expected to be reflected gradually starting from the second half of 2027.

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