Logo of National Agricultural Development Co. (NADEC)
Anaam, NADEC’s subsidiary, is wholly owned by Al Muhaidib Group. 
In a statement to Tadawul, NADEC said the two parties agreed on a total consideration of SAR 23.69 million for 2,450 shares, representing 49% of the company’s total capital. The amount reflects the shareholder’s net book value in the company.
Upon completion of the transaction, NADEC’s ownership stake in Al Raie will increase to 100%.
The company added that the transaction remains subject to several conditions, including approval from the Agricultural Development Fund regarding the transaction and ownership restructuring, in addition to any other required regulatory or contractual approvals.
Given the recent establishment of Al Raie and the fact that it has not yet commenced commercial operations, the following financial data are available based on its audited 2024 annual financial statements, while 2025 figures remain unaudited.
2024 Financial Data (SAR mln)
Total assets
28.23
Total equity
3.51
Net loss
1.49
NADEC expects the transaction to have a positive impact by enhancing project management efficiency and supporting greater flexibility in implementing its strategic and operational objectives.
It also stated that the deal comes as part of efforts to strengthen governance efficiency and decision-making mechanisms while achieving greater alignment between the project and NADEC’s strategic and operational goals.
This is expected to support increased domestic red meat production, reduce reliance on imports, and enhance the sustainability of the sector in line with food security goals and Saudi Vision 2030 objectives.
NADEC said the parties have begun implementing the agreement’s conditions and coordinating with relevant authorities to complete the required procedures, with follow-up ongoing.
Al Raie specializes in intensive livestock breeding (sheep and goats), reproduction, and meat production under a strategic project in Hail aimed at supporting food security. It also seeks to increase local production and improve the efficiency and sustainability of the Kingdom’s livestock sector.
Logo of National Agricultural Development Co. (NADEC)
Anaam, NADEC’s subsidiary, is wholly owned by Al Muhaidib Group.
In a statement to Tadawul, NADEC said the two parties agreed on a total consideration of SAR 23.69 million for 2,450 shares, representing 49% of the company’s total capital. The amount reflects the shareholder’s net book value in the company.
Upon completion of the transaction, NADEC’s ownership stake in Al Raie will increase to 100%.
The company added that the transaction remains subject to several conditions, including approval from the Agricultural Development Fund regarding the transaction and ownership restructuring, in addition to any other required regulatory or contractual approvals.
Given the recent establishment of Al Raie and the fact that it has not yet commenced commercial operations, the following financial data are available based on its audited 2024 annual financial statements, while 2025 figures remain unaudited.
2024 Financial Data (SAR mln)
Total assets
28.23
Total equity
3.51
Net loss
1.49
NADEC expects the transaction to have a positive impact by enhancing project management efficiency and supporting greater flexibility in implementing its strategic and operational objectives.
It also stated that the deal comes as part of efforts to strengthen governance efficiency and decision-making mechanisms while achieving greater alignment between the project and NADEC’s strategic and operational goals.
This is expected to support increased domestic red meat production, reduce reliance on imports, and enhance the sustainability of the sector in line with food security goals and Saudi Vision 2030 objectives.
NADEC said the parties have begun implementing the agreement’s conditions and coordinating with relevant authorities to complete the required procedures, with follow-up ongoing.
Al Raie specializes in intensive livestock breeding (sheep and goats), reproduction, and meat production under a strategic project in Hail aimed at supporting food security. It also seeks to increase local production and improve the efficiency and sustainability of the Kingdom’s livestock sector.
