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The Eastern Development Company was established under Ministerial decree no. 406 dated 21st Zu Alkeda 1406 as a Saudi Joint Stock Company registered in the Kingdom of Saudi Arabia under Commercial Registration No. 2050016477 issued in Dammam and dated 19/1/1407 or 23/9/1986. The Company’s issued and fully paid up capital is SR 75 million divided into 7.5 million shares with a face value of SR 10 per share.
According to the Company’s stature, its main activities are as follows:
Agricultural production
Animal husbandry
Agro-industries that depend on agricultural and animal products
Land reclamation and irrigation projects
Import of grain, seeds and animal fodder to meet its own requirements and others and import and manufacturing of agricultural equipment
Acting as specialized commercial agents for the Company’s activities
Marketing agricultural products and development of agricultural projects
Within the framework of the economic renaissance enjoyed by the Kingdom of Saudi Arabia and the progressive development in the different fields, the management of the Eastern Development Company in its efforts to maintain the momentum decided to add several economic activities as follows:
Development and marketing of agricultural projects
Wholesale and retail trade in food stuff, agricultural products, animal fodder and fertilizers
Purchase land to erect buildings to be invested by selling or renting them on behalf of the Company
Establish canning and bottling of healthy water, juices, dairy products and its byproducts and foodstuff
Establishment, management and operation of tourist and entertainment projects
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