NADEC Raises Its Ownership in Al Raie National Livestock to 100% After Acquiring Al Muhaidib’s Stake

NADEC Foods has increased its ownership in the “Al Raie National Livestock” project to 100% following its acquisition of Al Muhaidib Group’s 49% stake, valued at approximately SAR 23.7 million based on book value. This move is considered more of an ownership restructuring than a conventional expansion.
Full ownership is expected to strengthen NADEC’s control over governance and accelerate decision-making, particularly as the project is still in its pre-operational phase, where its actual value will materialize with the start of execution and operational integration.
This step also aligns with the presence of the Saudi Agricultural and Livestock Investment Company (SALIC) as a strategic shareholder, in addition to the representation of the Minister of Environment, Water and Agriculture on the board, reflecting stronger alignment with Saudi Arabia’s Vision 2030 food security objectives.
It is worth noting that building projects from scratch remains the most complex and high-risk path, whereas expansion through acquisitions typically offers greater clarity, lower risk, and higher chances of success.