The National Agricultural Development Company (NADEC) announces that it has received a letter from one of the shareholders who owns more than (5%) of the company's capital expressing the shareholder's intention to transfer ownership of shares of the company's shares

1.28 %
1445/03/03     18/09/2023 15:26:46

Element ListExplanation
Announcement Detail The National Agricultural Development Company (NADEC) announces that it has received a letter from The Saudi Agricultural and Livestock Investment Company (SALIC) one of the main shareholders who owns more than (5%) of the company’s capital on 03/03/1445 AD corresponding to 18/09/2023 AH Regarding SALIC Company's intention to complete the process of transferring ownership of shares owned indirectly and depositing them in their direct investment portfolio, totaling (6,290,000) six million, two hundred and ninety thousand shares representing (6.19%) of NADEC's shares. This will result in SALIC Company's total ownership in NADEC to be (38.65%) of the capital.

In case of any inquiries, please contact with the department of Investor Relations on:

Telephone No: 0112027830


The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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Last Price 31.65
Net Change 0.4 (+1.28%)
Value Traded (Sar) 14,562,924.45
Volume Traded 462,552
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