NADEC Acquires Partner's Full Stake in Al Raie for SAR 23.7M
NADEC (6010) announced the signing of a share purchase agreement to acquire the entire 49% stake held by Anaam Saudi for Trading Company in Al Raie National Livestock Company for SAR 23.7 million, bringing its ownership to 100%.
Key Numbers
The National Agricultural Development Company (NADEC) announced the signing of a share purchase agreement to acquire the entire 49% stake held by Anaam Saudi for Trading Company in Al Raie National Livestock Company for SAR 23.7 million. Upon completion, NADEC's ownership in the joint venture will increase to 100%.
Transaction Details
| Item | Value |
|---|---|
| Transaction Value | SAR 23,687,496 |
| Stake Acquired | 49% (2,450 shares) |
| Financing | Internal resources |
| Agreement Date | April 2, 2026 |
| Announcement Date | May 3, 2026 |
| Target Company | Al Raie National Livestock Company |
Al Raie specializes in intensive livestock farming, sheep and goat breeding, and meat production.
Rationale
The acquisition aims to enhance governance efficiency and aligns with NADEC's strategic objectives supporting food security and Saudi Vision 2030.
Regulatory Hurdles
The transaction is subject to approval from the Agricultural Development Fund and other regulatory clearances. The expected closing timeline has not been disclosed.
Impact on Stock
The deal is expected to streamline NADEC's ownership structure and strengthen its control over livestock operations, potentially improving operational efficiency and long-term profitability. However, the immediate impact on NADEC's stock (6010) will depend on the completion of the transaction and disclosure of financing details.
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