KUWAIT CITY, June 16: The EXCPR Consulting and Business Management Company shed light on the dairy sector in Kuwait, indicating that the local market is witnessing competition between about six local and Gulf dairy companies and factories, reports Al-Anba daily. It explained that these six companies are Almarai Company, the National Agricultural Development Company (NADEC),
The National Agricultural Development Company, also known as NADEC, turned into losses of SR285 million ($76 million) in 2021, according to a bourse filing. The company’s net profit was down 899.42 percent in 2021, while the total revenue fell by 3.39 percent. The loss per share for the current year reached SR2.80, compared to earnings per share of SR0.35 in 2020. The gross
RIYADH: The National Agricultural Development Company, NADEC completed the acquisition of Second Milling Company in Riyadh. NADEC was part of a consortium with Olam International Group, Al Rajhi International Investment Company Ajlan & Bros Company, according to a bourse filing, All assets of the Second Milling Company were transferred to the Food Security Holding Company, a