Nadec takes full control of Al-Raei in $6.4M deal
What's the deal? The National Agricultural Development Company (Nadec)Dealroom has a profile for this one. Try Dealroom → has acquired the remaining 49% stake in the National Al-Raei Livestock CompanyDealroom has a profile for this one. Try Dealroom →, giving it 100% ownership. According to disclosures on the Saudi Exchange (Tadawul)Dealroom has a profile for this one. Try Dealroom →, the deal valued the minority share held by Anasim Saudi Trading CompanyDealroom has a profile for this one. Try Dealroom → at 23,690,000 SAR (about $6.4 million).
Why now? NadecDealroom has a profile for this one. Try Dealroom → announced the purchase agreement in May and has since worked with the Saudi Agricultural Development FundDealroom has a profile for this one. Try Dealroom → to clear the regulatory and procedural steps. With all closing conditions met, the transfer is now complete on the Tadawul registry.
What changed? Nadec updated the company's commercial register and articles of association to complete the equity transfer. To meet the fund's approval terms, it provided extra collateral — a mortgage over land plots in the Wadi Al-Dawasir region — and issued corporate guarantees aligned with the new ownership structure.
What's the endgame? Full ownership hands Nadec complete operational control of the livestock subsidiary, bringing the unit fully under its consolidated accounts.
The signal: The deal reflects continued consolidation in Saudi Arabia's agricultural sector, where firms are absorbing minority stakes to tighten control over integrated operations.
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