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22-Nov-2016

Consulting office assigned to measure Nadec's agricultural land

National Agricultural Development Company (Nadec) [6010.SE] announced that the Ministry of Agriculture has assigned a consulting office to measure the size of the company's agricultural land, a process which is expected to be completed within a period of nine months. This is part of the process to make Nadec the legal owner of land granted to it by the government. (Tadawul)   NADEC: SAR22.65 as of 21 November 2016, Rating: Neutral, FV: SAR22.50 per share, MCap: USD512mn, NADEC AB / 6010.SE

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