The National Agricultural Development Company (Nadec) is one of the largest agricultural and food-processing share stock companies in the Middle East and North Africa. Established in 1981 by royal decree, it is a joint stock public company – 20% owned by the government of Saudi Arabia, with the rest publicly traded on the Saudi Stock Exchange. It is one of the very few and largest vertically integrated dairy businesses in the world.
Nadec has a head office located in Riyadh Saudi Arabia [4] and it owns six dairy farms with around 60,000 cows and two modern dairy plants with a total capacity of 1.5 million litres of milk daily.
In January 2021, Nadec has launched a restructuring program to save $32 million in a plan to improve its profit.[5]
Nadec Group
The National Agricultural Development Company (Nadec) was established by Royal Decree in 1981 in order to lessen Saudi Arabia's dependence on agricultural imports, since then it went through successive rapid development phases placing the now Nadec Group as one of the largest agri-food company in the Middle East/Africa region and the world. Nadec is a joint stock public company with 600 million Saudi Riyal equity capital.[6]