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Nadak acquires partner’s stake in Al-Ra'i 55
Nadec, the National Agricultural Development Company, announced that it has completed the purchase of the partner’s entire stake in Al-Ra’i National for Livestock, making it the sole owner of the company. This involved amending the articles of incorporation and updating the commercial registration, as well as providing additional guarantees in favor of the Agricultural Development Fund, including mortgaging lands in Wadi Al-Dawasir and other institutional guarantees. This step follows a prior agreement in May 2026 to buy the stake from Al Mheidb Group, and it confirms that there are no additional costs or negative impact on the financial statements as a result of the restructuring.
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