National Aquaculture Group

What National Aquaculture Group does

National Aquaculture Group (NAQUA) is a privately held Saudi Arabian integrated aquaculture company founded in 1982 and headquartered in Jeddah. It operates one of the world's largest integrated aquaculture operations on a 65km stretch of the Red Sea coastline, with direct access to high-salinity waters located far from industrial waste. The company runs three integrated business divisions—Shrimp, Fish (barramundi), and Feed—and markets its seafood products under the sub-brands 'Red Sea Shrimp' and 'Red Sea Barramundi,' emphasizing antibiotic-free production and a proprietary feed formula tuned to Red Sea salinity.

NAQUA generates revenue through one-time sales of aquaculture products (shrimp and barramundi) and feed. Distribution is multi-channel: domestic sales through retail stores, hypermarkets, central markets, wholesale/auction markets, and leading restaurants across the Kingdom of Saudi Arabia; international sales via distributor and agent agreements in 20+ countries spanning Asia-Pacific, Europe, Africa, North America, and MENA; and direct-to-consumer sales through a NAQUA-branded mobile application on iOS and Android with delivery to Riyadh, Jeddah, and Mecca. Customer segments span food service, hospitality, and retail consumers, both in Saudi Arabia and internationally.

The company positions itself as a Saudi national project and emphasizes biosecurity, R&D, training, and CSR programs. No public financial figures (revenue, ARR, or funding) are disclosed; ownership is private with no identified parent, institutional investor, or ticker; no M&A, funding rounds, or leadership changes were reported in the available sources.

Name

National Aquaculture Group

Legal name

National Aquaculture Group

Website

https://naqua.com.sa

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

National Aquaculture Group (NAQUA) is a Saudi Arabian integrated aquaculture company, founded in 1982, operating one of the world's largest operations on a 65km Red Sea shoreline. It produces antibiotic-free shrimp, barramundi, and proprietary feed, serving food service, retail, wholesale, and consumers in 20+ countries.

Ownership category

akta.pro rank

Product category

Aquaculture / Farmed Seafood Production

NAICS

Aquaculture (11251), Finfish Farming and Fish Hatcheries (112511), Shellfish Farming (112512), Seafood Product Preparation and Packaging (311710)

SIC

Prepared Fresh Or Frozen Fish & Seafoods (2092)

akta.pro primary industry

Offshore & Open-Ocean Aquaculture (AFAEAAAH)

akta.pro secondary industries

Aquaculture Processing & On-Farm Value-Add (primary handling, icing, packing) (AFAEAAAN), Aquaculture Feed & Nutrition (HLAMAHAF)

Keywords

• Aquaculture production
• Shrimp farming
• Fish farming
• Aquaculture feed
• Seafood distribution

Headquarters

HQ city

Jeddah

HQ country

Saudi Arabia

HQ region

Middle East

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Seafood Products Sales: Sale of aquaculture products including shrimp, fish (barramundi), and feed to domestic and international markets
2. Mobile App Commerce: Direct-to-consumer sales through NAQUA mobile application for iOS and Android platforms

Go-to-market motion3 records

Distribution channels4 records

Marketing channels5 records

Core offering

National Aquaculture Group operates an integrated aquaculture business on a 65km Red Sea shoreline in Saudi Arabia, farming and selling premium antibiotic-free shrimp and barramundi fish, and producing a proprietary aquaculture feed that supports its own seafood production. The company distributes its products through retail and hypermarkets, wholesale and auction markets, restaurants and food service operators in Saudi Arabia, international distributors across more than 20 countries, and a direct-to-consumer mobile app with delivery in Riyadh, Jeddah and Mecca.

Product overview

National Aquaculture Group (NAQUA) operates as an integrated aquaculture company with three core business divisions: Shrimp Business, Fish Business, and Feed Business. The company offers Red Sea Shrimp and Red Sea Barramundi as its primary seafood products, complemented by a specialized Feed Business that produces proprietary aquaculture feed formulas. NAQUA positions itself as one of the world's largest integrated aquaculture operations, controlling a 65km shoreline on the Red Sea with direct access to pristine waters. The company markets antibiotic-free products and distributes through both international markets (20+ countries) and the Saudi Arabian domestic market (retail, hypermarkets, restaurants). A mobile application is available for iOS and Android for customer ordering and delivery services.

Differentiator

Problem solved

Functional benefit

Brands

• Red Sea Shrimp: Premium shrimp products from the Red Sea, antibiotic-free and freshly sourced daily.
• Red Sea Barramundi

Products and services

• Red Sea Shrimp

Quantifiable outcome

• One of the world's largest integrated aquaculture operations

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• International DistributorscoreChannel Partner/ Reseller/ DistributorNAQUA has solid agreements with distributors and agents around the world supplying food service companies, hospitality establishments, retailers and other customers. Countries include Australia, France, Lebanon, Morocco, Philippines, South Korea, Thailand, China, Japan, Malaysia, Netherlands, Singapore, Spain, USA, Egypt, Kuwait, Myanmar, New Zealand, South Africa, Taiwan, Vietnam.
• Saudi Arabia Local PartnerscoreChannel Partner/ Reseller/ DistributorNAQUA products are widely present through all sales channels across the Kingdom, including modern trade with fishmonger facilities in-store, wholesale and auction markets, and leading restaurants.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Mowi ASA: Mowi is the world's largest Atlantic salmon farmer with vertically integrated feed-to-fork operations across Norway, Scotland, Chile, and Canada. A broad incumbent comparable to NAQUA in operating a fully integrated aquaculture model at global scale, though focused on salmon rather than shrimp/barramundi.
• Bakkafrost: Bakkafrost is the largest salmon farmer in the Faroe Islands with vertically integrated operations including a fish feed division. Comparable to NAQUA in combining premium salmon farming with an in-house feed business at meaningful scale.
• SalMar ASA: SalMar is one of the world's largest salmon farming companies with operations in Norway, Scotland, Iceland, and a share in Icelandic Salmon. Comparable to NAQUA as a large-scale, integrated aquaculture producer with a premium brand strategy and significant international reach.
• Cargill Aqua Nutrition: Cargill's Aqua Nutrition business is a global leader in aquaculture feed serving shrimp and finfish farmers worldwide. Comparable to NAQUA's Feed Business division and to its integrated producer-plus-feed positioning.

Regional players

• Tassal Group: Tassal is Australia's largest Atlantic salmon farmer with vertically integrated operations and domestic retail dominance. Comparable to NAQUA as a vertically integrated aquaculture company selling branded seafood domestically and internationally via distribution partners.

Direct peers

• Thai Union Group: Thai Union is one of the world's largest seafood companies with vertically integrated aquaculture and shrimp farming (including brands like King Oscar and Chicken of the Sea). Directly comparable to NAQUA as a large integrated aquaculture producer selling branded seafood through global retail and foodservice channels.
• Nireus Aquaculture / Andromeda Group: Andromeda Group (formerly Nireus) is one of the largest Mediterranean aquaculture producers of sea bass and sea bream, with vertically integrated hatchery, farming, and processing operations. Comparable to NAQUA as a large, geographically concentrated Mediterranean-region aquaculture producer of premium finfish.
• Charoen Pokphand Foods (CPF): CPF is a Thai integrated aquaculture and feed giant with shrimp and finfish farming operations across Asia. Comparable to NAQUA in its combined aquaculture + proprietary feed model, large employee base, and international distribution footprint.
• BioMar Group: BioMar is a top-tier global aquaculture feed manufacturer serving salmon, shrimp, and other species. Comparable to NAQUA's feed business as a specialized aquaculture nutrition company with international presence and R&D-driven formulations.
• Skretting (Nutreco): Skretting is the world's leading aquaculture feed producer, supplying feed for salmon, shrimp, and other farmed species globally. Directly comparable to NAQUA's Feed Business division, with proprietary feed formulation expertise and a similar emphasis on nutrition-driven aquaculture performance.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/naquaco
• YouTubeyoutube.com/@nationalaquaculture
• Facebookfacebook.com/national.aquaculture.group
• LinkedInlinkedin.com/company/naquaseafood
• Instagraminstagram.com/naquaseafood
• Pinterestpinterest.com/NaquaSeafood

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about National Aquaculture Group