Found in: Companies of Saudi Arabia
The National Development Company (NADEC) was established by Royal Decree in 1981 in order to lessen Saudi Arabia's dependence on agricultural imports. It is a joint stock public company with 400 million Saudi Riyal equity capital. The Saudi Arabian government owns 20% of the company's shares while the rest is publicly traded.
It owns five dairy farms with 25000 heads of cattle and two modern diary plants with a total capacity of one million litres of milk daily.