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Trades about 3% below its sector, cheaper than its peers on earnings.
Established in 1981 and headquartered in Riyadh, Saudi Arabia, The National Agricultural Development Company (NADEC) is a significant player in agricultural and livestock production, with operations spanning the Kingdom and international markets. The company's activities extend to agricultural land reclamation, comprehensive food processing, and marketing its diverse range of products. Its extensive offerings include a wide variety of dairy items such as milk, yogurt, Laban, fresh cream, juices and drinks, desserts, cheeses, and butter. NADEC also provides olive oil, a selection of fruits like peaches, apricots, and plums, and common vegetables such as potatoes, onions, and tomatoes. Furthermore, the company cultivates various essential crops, including wheat, clover, Shami corn, Rhodes grass, olives, and alfalfa, alongside producing specialized nutritional fodder for its dairy cattle.
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