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Full Announcement

NADEC AGRICULTURAL DEVELOPMENT CO. (NADEC) ANNOUNCES ITS INVESTMENT PROGRESS IN SUDAN - 2015/12/31

In reference to the announcement made by the agricultural development Co. (Nadec ) on 28th December 2014 regarding the accomplishment of all requirements for reserving and receiving 25,200 Hectar / 60,000 acre in Sudan - North Kordofan State in accordance with Nadec board decision to grow 3,200 Hectar as first phase of Sudan investment.

The company would like to announce to its shareholders that the company have achieved 74% of the first phase with total investment of 81.8 Million Saudi Riyals year to date and trial harvest has been made and will be shipped to the dairy farms of the company in KSA. The company expects to complete the first phase of the investment by the end of the first quarter 2016 as planned. The company will announce any progress related to the above investment.