National Agricultural Development Company

What National Agricultural Development Company does

National Agricultural Development Company (NADEC) is a Saudi Arabia-based, publicly listed food and agricultural producer (Tadawul ticker: NAAD) founded in 1981 by Royal Decree. The company manufactures and distributes dairy products, juices, red meat, and food/vegetable products including olive oil, operating a daily production capacity exceeding 1.5 million liters and serving Saudi consumers through a network of 38,000+ distribution points. Its revenue mix is dominated by dairy and food (~88% of quarterly revenues), with a growing protein segment that posted SAR 62.7M in Q3 2025 (66% YoY growth). Salic (Saudi Agricultural and Livestock Investment Company) holds 38.648% of share capital, anchoring NADEC within Saudi Arabia's strategic food-security agenda under Vision 2030.

The business model is fundamentally B2C mass-market food manufacturing and distribution, monetized through unit sales of branded staples (milk, laban, juices, meat) via retail chains, wholesale channels, and seasonal high-volume events such as Hajj pilgrim provisioning. NADEC runs 21,000+ daily quality tests and has secured ISO 27001:2022 and ISO/IEC 42001:2023 certifications, signaling operational rigor in food safety, information security, and AI governance. Strategic partnerships with Panda Retail, ARDCO (cold storage), the Saudi Reef Program, and international partners in Georgia, Japan, and Tunisia indicate a deliberate effort to extend both upstream sourcing and downstream distribution reach.

Financially, the company reported H1 2026 net profit of SAR 158.3M, a decline from SAR 218.7M in H1 2025, suggesting near-term margin or cost pressure despite continued investment in new protein categories, horticultural projects (NSPC potato and blueberry cultivation in Hail), and international channel development. The combination of an iconic 44-year-old Saudi brand, a Salic-anchored ownership structure, and broad national distribution creates a defensible domestic position, though profitability trajectory and segment concentration in dairy remain key analytical risks for investors.

Name

National Agricultural Development Company

Legal name

National Agricultural Development Company

Website

https://nadec.com

Company type

Public

Founded year

1981

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

National Agricultural Development Company (NADEC) is a Saudi-listed (Tadawul: NAAD) food and agricultural producer manufacturing dairy, juices, red meat, and olive oil products for Saudi consumers via 38,000+ distribution points, with a daily production capacity exceeding 1.5 million liters.

Ownership category

akta.pro rank

Headquarters

HQ city

Riyadh

HQ country

Saudi Arabia

HQ region

Middle East

Offices5 records

Markets served

GTM type

B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Dairy and Food Manufacturing: Dairy and food manufacturing is the primary revenue driver, accounting for 88% of quarterly revenues. The segment includes dairy products (milk, cheese, laban, kefir), juices, and processed foods.
2. Protein / Red Meat Segment: NADEC produces and sells packaged red meat products (tenderloin steak, back meat). The protein segment recorded 66% YoY sales growth reaching SAR 62.7 million in Q3 2025, driven by strong demand in Central and Eastern Provinces. The company plans to launch packaged red meat through major retail chains by year-end 2026.
3. Food and Vegetable Products: Includes olive oil products (innovative offerings in 250ml, 500ml, 2L, 4L sizes), produced from NADEC's organic olive oil project in Al-Jouf region. Olive oil has won multiple awards including Biol International Prize and Al-Jouf Award for Excellence and Innovation.

Go-to-market motion3 records

Distribution channels4 records

Marketing channels7 records

Core offering

National Agricultural Development Company (NADEC) produces and distributes a multi-category food portfolio spanning dairy (UHT milk, laban, kefir, yogurt, cheese, cooking cream), fruit juices (mixed fruit nectars, flavored juices), red meat (tenderloin steak, back meat), and food & vegetable products (organic olive oil). The company operates large-scale agricultural and food processing facilities across Saudi Arabia and distributes through more than 38,000 outlets.

Product overview

NADEC (National Agricultural Development Company) is a Saudi Arabian food manufacturing company operating as a multi-category consumer goods portfolio. Its product range spans four main categories: (1) Dairy, milk, and cheese — including UHT milk, kefir/laban, yogurt, cooking cream, kashkaval cheese, and high-protein flavored milk drinks; (2) Juices — including mixed fruit nectar, pineapple nectar, vitamin-fortified nectar, pomegranate nectar, and strawberry mojito juices in various pack sizes; (3) Red meat/protein — fresh beef cuts including tenderloin steak and back meat; and (4) Food and vegetables — premium organic olive oils in multiple sizes. The company distributes through over 38,000 distribution points across Saudi Arabia, producing over 1.5 million liters of dairy and juice products daily.

Differentiator

Problem solved

Functional benefit

Products and services

• Dairy, Milk and Cheese Products Core dairy product range including UHT full fat milk (1L), Nadec Laban Kefir (225ml), Yogurt Kefir, Kashkaval Cheese (350g), Cooking Cream (1L), and High Protein Vanilla Milk Drink (350ml) sold to Saudi consumers through retail chains.
• Fruit Juices and Nectars Fruit juice and nectar lineup including Mix Fruit Nectar (1.3L), Pineapple with Mix Fruit Nectar (1.3L), Mix Fruit Nectar with 8 Vitamins (1.3L), Pomegranate with Mix Fruit Nectar (180ml), and Strawberry Mojito Juice (180ml and 1.3L) for Saudi consumer market.
• Red Meat / Protein Products Fresh red meat cuts including Tenderloin Steak and Back Meat from NADEC's protein segment. The protein segment recorded 66% YoY sales growth reaching SAR 62.7 million in Q3 2025.
• Organic Olive Oil Products Organic extra virgin olive oil produced from NADEC's olive oil project in Al-Jouf region, available in 250ml, 500ml, 2L, and 4L pack sizes. Has won the Biol International Prize and Al-Jouf Award for Excellence and Innovation.
• NSPC Seed Potato and Blueberry Seedlings NSPC (National Seed Potato Center) project in Hail region producing 500,000 potato minitubers and 4,500+ blueberry seedlings, representing advanced seed genetics development and high-value crop diversification.

Quantifiable outcome

• 66% year-on-year increase in protein segment sales, reaching SAR 62.7 million in Q3 2025
• +4 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eleven partnerships are on record, tiered exploratory, supporting and core.

• Government of Georgia (Agricultural Sector)exploratoryStrategic or Co-development Partner · 1 June 2026NADEC CEO Dr. Solaiman bin Abdulaziz Al-Twaijri met with the Georgian Ambassador to Saudi Arabia to explore cooperation opportunities in the agriculture and food sectors, focusing on exchange of knowledge and best practices.
• Government of Japan (Agricultural Sector)exploratoryStrategic or Co-development Partner · 1 June 2026NADEC CEO welcomed the Japanese Ambassador to Saudi Arabia to showcase strategic projects and explore collaboration opportunities in agriculture and food sectors, supporting Saudi Vision 2030 objectives.
• Tunisian Ministry of TradeexploratoryStrategic or Co-development Partner · 1 June 2026The Tunisian Minister of Trade and Export Development visited NADEC's pavilion at IFSA Africa 2026, an international exhibition for food industries, processing, and packaging held in Tunis, exploring cooperation in food sectors.
• Bupa ArabiasupportingOthers · 1 April 2026NADEC partnered with Bupa Arabia to host a health awareness campaign on World Health Day as part of initiatives supporting employee health and raising health awareness.
• Ministry of Environment, Water and AgriculturecoreStrategic or Co-development Partner · 1 April 2025NADEC participated in the Social Responsibility Forum 2026 organized by the Ministry of Environment, Water and Agriculture in Riyadh, showcasing environmental sustainability and food awareness initiatives.
• Saudi Reef Program / Ministry of Environment, Water and AgriculturecoreStrategic or Co-development Partner · 1 September 2024NADEC was honored for its strategic partnership with the Saudi Reef Program by the Vice Minister of Environment, Water and Agriculture. The partnership supports environmental and agricultural sustainability objectives aligned with Saudi Vision 2030.
• Sanad Children's Cancer Support AssociationsupportingOthers · 1 September 2024NADEC volunteer team visited children with cancer at King Fahad Medical City in collaboration with Sanad Children's Cancer Support Association as part of celebrations for Saudi National Day.
• Madinati (Riyadh Municipality)supportingOthers · 1 September 2024NADEC organized awareness and hands-on workshops in collaboration with Madinati offices affiliated with Riyadh Municipality during Saudi Environment Week.
• Panda Retail CompanycoreChannel Partner/ Reseller/ Distributor · 1 August 2024NADEC signed an MOU with Panda Retail Company, a leading retail company, to strengthen strategic cooperation in the food products sector and ensure stable supply of products to Panda's retail network across Saudi Arabia.
• Riyadh Development Company (ARDCO)supportingOthers · 15 July 2024NADEC signed a long-term lease agreement with Riyadh Development Company (ARDCO) to lease refrigerated and frozen warehouses at Riyadh Development Market in Azizia, south of Riyadh city. This serves as a direct support station for NADEC's products.
• KABEDAK AssociationsupportingOthers · 1 July 2024NADEC was honored by the Deputy Governor of Madinah for sponsoring KABEDAK Association events on World Hepatitis Day, demonstrating community responsibility.

Scale indicators8 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Almarai: Largest vertically integrated dairy company in the world, headquartered in Saudi Arabia, competing head-to-head with NADEC across UHT milk, laban, cheese, yogurt, and juices for the same retail and Hajj catering channels.
• Saudia Dairy & Foodstuff Company: One of the earliest Saudi dairy producers (founded 1979) with overlapping UHT milk, laban, and processed dairy ranges sold through the same modern trade outlets as NADEC.
• Tanmiah Food Company: Saudi protein and processed-food producer expanding into packaged retail protein, mirroring NADEC's protein-segment roadmap and Saudi distribution channel footprint.
• Halwani Brothers Company: Saudi manufacturer of processed meat, ready meals and frozen foods with shared retail and foodservice customers across the Kingdom.

Broad incumbents

• Saputo Inc. International dairy processor operating across cheese, milk and specialty dairy, comparable on core manufacturing capabilities rather than geography.
• Americana Group: MENA-region food manufacturer operating across frozen foods, processed meat and bakery, overlapping NADEC's packaged retail and frozen distribution channels.
• Arla Foods: Global dairy cooperative with cheese, milk and yogurt portfolios overlapping NADEC's product architecture and quality-testing-driven operating model.
• Nestlé Middle East: Global food and beverage major with dairy, juice and prepared culinary offerings sold through the same Saudi hypermarket and grocery channels NADEC serves.
• Savola Group: Large Saudi food conglomerate active in edible oils, dairy and packaged foods, providing broader category overlap and a benchmark for Saudi listed food valuations.
• Danone: Global dairy and plant-based products company whose Middle East business overlaps NADEC's yogurt, fermented dairy (kefir/laban) and juice categories.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/NadecFoods
• LinkedInlinkedin.com/company/nadecfoods

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries2 records

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 Agricultural Development Company