Last in from our sneaky paparazzi: Saudi-based National Agricultural Development Co. (NADEC) and Dava Agricultural Co. were pictured shaking hands! Well, metaphorically speaking.
The two are reportedly in private majlis talks about NADEC potentially buying either the entire share capital of Dava or some pretty large chunk of its assets, at least. Either way, NADEC looks set to get its hands on some high-tech hydroponic assets and greenhouses that are sprawled out across multiple locations in Saudi Arabia.
NADEC is largely listed on the Tadawul, but Saudi’s Public Investment Fund owns 20% of it.