Nādek finalizes purchase of partner stake in Al-Raei 55
Nadec Company successfully completed the purchase of the entire partner’s stake in Al-Ra'i Al-Watani for Livestock, making it 100% owned. This was achieved after meeting all regulatory and financial requirements and restructuring the ownership. The process included amending the company’s Articles of Incorporation and updating the commercial register, in addition to providing additional guarantees in favor of the Agricultural Development Fund. These guarantees included pledging additional lands in Wadi Al-Dawasir and offering institutional guarantees, all without incurring costs or negative impacts on the financial statements. This acquisition follows a partnership agreement made in May 2026 to buy the partner’s share in the company.
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