عربي

New Standards & innovative thinking for sustainable growth

Annual Report 2023

Download full report Icon
Image

Chairman's Message

Mr. Abdulaziz bin Saleh Al-Rebdi

Icon

We look to the future with determination and optimism

At a time of accelerating technological advances and changing consumer trends, we at Nadec believe that innovation and excellence are two essential factors of success for any organization. Therefore, we have developed a solid strategy and opened a new door for creativity and uniqueness.

Read more

Highlights of a successful 2023

Read more
Icon

0

SAR Billion

Revenue in one year

Icon

0

SAR Billion

Rise in Nadec revenue

Icon

0%

of company revenue

Calf products and red meats

Icon

0%

of company revenue

Dairy products and by-products

Icon

0%

of company revenue

Long life dairy products

Icon

0%

of company revenue

Cheese and butter products

Icon

7.35%

of company revenue

Fresh juice products

Icon

2.15%

of company revenue

Olive products

Icon

3.66%

of company revenue

Agricultural products

Performance Highlights

Icon

Sales

(SAR billion)

Icon

Assets

(SAR billion)

Icon

Number of warehouses

Icon

Daily production Dairy and juice products

(Million litters)

Icon

Herd of cows

(Thousands)

Icon

Quality tests

(Thousands)

Geographical Presence of the Company

Location
Image

CEO Message

Dr. Solaiman Abdulaziz Al-Tuwaijri

Icon

Sustainability is the focus of our growth

As sustainability is an integral part of our vision, we are committed to providing high-quality products in a manner that respects the environment and contributes to the promotion of sustainable living. As an enterprise committed to social values, we also strive to integrate economic, environmental, and social dimensions into all aspects of our business.

Read more

Nadec’s New Strategy - Six Pillars for Success & Excellence

Under the slogan “New Dawn” Growth - Health - Sustainability, Nadec is moving forward with the implementation of its new strategy to transform itself into an integrated food company that will take a qualitative leap forward in the food and agriculture sector and provide high-quality products to consumers, with passion, hard work and leadership.

In order to realize its new strategy, Nadec relies on the following pillars in its business:

Read more
Icon

Agriculture Expansion

Icon

Expansion of Scope of distribution

Icon

Expansion in financing

Icon

Sectorial Expansion

Icon

Geographical Expansion

Icon

Expansion in Production

Image

Chief Financial Officer’s Message

Mr. Hassan Akrouq

Icon

Nadec Achieved Impressive Results in Financial Year 2023G.

The results achieved in 2023G demonstrate the strength of Nadec’s brand. Revenues increased by 18.66% to reach SAR 3.197 billion in 2023G from SAR 2.694 billion in 2022G. This increase was mainly driven by strong business and growth due to the increased demand.

Read more

Financial Performance

Icon

Revenue

0 Million SAR

(increase of 18.66% from 2022G)

Icon

Gross Profit

0 Million SAR

(increase of 46.44% from 2022G)

Icon

Operating Profit

0 Million SAR

(increase of 134.35% from 2022G)

Icon

Total Assets

0 Million SAR

(increase of 33.71% from 2022G)

Read more

Sustainability Management

Nadec aims to position itself as a leader in the “green” food sector in the Kingdom of Saudi Arabia by 2030. To realize this vision, the company’s sustainability strategy is built on the following pillars:

Listing
Listing
Icon

Long-Term Value Creation

Icon

Risk Management

Icon

Social Responsibility

Icon

Health & safety

Icon

Attraction, Retaining, & Localizing talents

Icon

Using sustainable Resources

Icon

Waste Reduction

Icon

Corporate Governance for Resource Efficiency

Icon

Environmental & Social Governance

Environmental, Social, & Governance (ESG) Management

Icon

Environmental Management

Icon

Corporate Social Investment

Icon

Responsible Marketing

background

Energy Management

Icon

Human Rights

Icon

Animal Welfare

Icon