The National Development Company (NADEC) was established by Royal Decree in 1981 in order to lessen Saudi Arabia's dependence on agricultural imports. It is a joint stock public company with 600 million Saudi Riyal equity capital. The Saudi Arabian government owns 20% of the company's shares while the rest is publicly traded.
It owns five dairy farms with 58000 heads of cattle and two modern dairy plants with a total capacity of one million litres of milk daily.
External links [link]
National Development Company (NADEC) is a Joint Stock public company with SR 600MM equity capital. The Saudi Arabian government owns 20% of the company's shares while the rest is publicly traded. NADEC is involved in the agricultural production as well as food processing & distribution.
 |
This Saudi Arabian corporation or company article is a stub. You can help Wikipedia by expanding it. |
