National Agriculture Development Company (Nadec) [6010.SE] announced that it had completed the reclamation of 3,200 hectares of land out of a total of 25,200 hectares in its Sudan project. The company will evaluate the results from the first phase of the project before starting the implementation of following stages, which will be announced in due course. (Company disclosure) Nadec: SAR21.49 as of 31 March 2016, Rating: Neutral, FV: SAR18.00 per share, MCap: USD441 million, NADEC AB / 6010.SE
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