Nadec has signed a partnership agreement with Hilton Foods to establish a 51%-owned joint venture aimed at enhancing local production and processing of red meat products in Saudi Arabia.
Target Information
The National Agricultural Development Company (Nadec) has announced the signing of a partnership agreement with Hilton Foods Limited, a wholly owned subsidiary of Hilton Food Group, a global leader in the processing and packaging of protein products, particularly red meat. Under this agreement, a joint venture limited liability company will be established in which Nadec will hold a 51% stake.
This partnership agreement encompasses several conditions and terms that regulate the establishment, management, and operation of the joint company and the activities between the two parties. This collaboration marks a strategic move for Nadec to expand its offerings in locally sourced red meat protein.
Access Full Deal Insights
You’re viewing a public preview of this deal. To unlock full access to ca. 50,000 other deals in our database and join ca. 400 M&A professionals who are using it daily, sign up for Dealert.
Industry Overview in Saudi Arabia
The food industry in Saudi Arabia is undergoing significant transformation, driven by the Kingdom's Vision 2030 initiative, which emphasizes food security and sustainability. The local demand for high-quality protein products has inc
Similar Deals
Boparan Private Office → Hook2Sisters joint venture
2025
Capdesia Group Limited → Toridoll Holdings Corporation
2021
National Agricultural Development Company (NADAC) → Hilton Foods Limited
شركة الوطنية للتنمية الزراعية (نادك)
invested in
شركة هيلتون فودز المحدودة
in
in a Joint Venture deal