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6010 – National Agricultural Development Company SJSC

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Not Compliant

—X—

Industry: Food Processing | Saudi

National Agricultural Development Company SJSC is not compliant with Shariah. The company’s financials fail all the five standards we check against.

Market cap: 810 MRev. Growth: 103.57%

AAOIFI ✗

Debt/MC47.21%
Non-Compliant Assets/MC%

S&P ✗

Debt/36 mo MC49.28%
Cash/36 mo MC2.81%
AR/36 mo MC8.75%

DJIM ✗

Debt/24 mo MC43.31%
Cash/24 mo MC2.47%
AR/24 mo MC7.69%

FTSE ✗

Debt/Assets36.91%
Cash/Assets2.11%
Cash&AR/Assets8.66%

MSCI ✗

Debt/Assets36.91%
Cash/Assets2.11%
Cash&AR/Assets8.66%

Recommendation Rating

4

1

2

3

4

5

1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Analysts’ Price Targets

Mean 8.2

Low: 7.33

High: 9.06

Total Analysts: 2


National Agriculture Development Co SJSC (NADEC) is a Saudi Arabia-based joint stock company engaged in cattle farming and agricultural development activities, as well as food processing and distribution. The Company operates through two business segment: Agricultural Products, and Food Manufacturing. The Company’s products included crops, fruit, honey, olive oil and vegetable. Its food products include butter, cheese and tomato paste, as well as other dairy products, juice and dates. The Company operates a range of business in dairy farms, agricultural production, dairy and food processing, honey production and dates processing. The Company has four agricultural projects located across the Kingdom of Saudi Arabia, including Al-Dawasser, Haradh, Hail and Al-Jouf Projects.

We do our best to screen stocks as accurately as possible. Please let us know in the comments if you spot an error or find something questionable. Jazaak Allahu khairan.

To understand how the screening is done, please read the Shariah Screening Methodology page.

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