Riyadh, Saudi Arabia — Nabt, the innovative Saudi agritech modernizing the Kingdom’s fresh-produce ecosystem, announced the closing of a USD 3.4 million Seed Extension round, bringing total funding to USD 5 million (SAR 18.8 million). The round was led by SHG Group, with continued backing from Merak Capital and several distinguished angel investors, underscoring strong investor confidence in Nabt’s mission and growth trajectory.

The announcement was made during the official signing ceremony held at the annual Sunbola program event under the Ministry of Environment, Water, and Agriculture (MEWA), marking the formal completion of the Seed Extension round. The ceremony was attended by Abdullah Alotaibi, CEO, Nabt; Ohman AlHokail, Co-founder and Managing Partner, Merak Capital; and Mohammed Al-Garafi, CEO, SHG Group.

Nabt is developing the physical and digital infrastructure for Saudi Arabia’s fresh-produce sector—enabling farmers to improve profitability, helping businesses secure consistent, high-quality supply, and enhancing the Kingdom’s long-term food security.

From its operational warehouse hub—where fulfillment, sorting, and last-mile cold-chain logistics connect farmers directly with commercial buyers—the company recently launched Nabt Online Auction, designed to support large-scale produce trading across the Kingdom.

Alongside the auction platform, Nabt Intel provides real-time pricing and market-demand intelligence, enabling farmers to maximize crop value and giving businesses immediate access to the data they need to make smarter, more competitive decisions.

The newly raised capital will fuel Nabt’s expansion into additional Saudi cities, broaden its fresh-produce portfolio, strengthen its nationwide customer network, and reinforce its operational infrastructure—ultimately increasing market access for farmers across the Kingdom.

Abdullah Alotaibi, Founder & CEO of Nabt, said:
“In just two years, Nabt has proven that building transparent and efficient infrastructure for fresh produce is not only possible, but essential. Our vision aligns with Saudi Arabia’s Vision 2030 – empowering farmers, strengthening food security, and building lasting infrastructure for sustainable agriculture. With this investment, we’re scaling that vision beyond borders, developing a model that not only serves the Kingdom but sets a benchmark for the wider region and global markets.”

To further strengthen the ecosystem, Nabt is expanding its network of fulfillment centers across the Kingdom, designed for advanced sorting, grading, packaging, cold storage, and temperature-controlled logistics—with current operations in Riyadh and new hubs launching in major Saudi cities. These centers support farmers in delivering consistent quality at scale while enabling businesses to source fresh produce more reliably and efficiently.

Mohammed Al-Garafi, Founder & Chairman of SHG Group, stated:
“The closing of Nabt’s Seed Extension marks an important milestone in the national investment ecosystem we are committed to advancing at SHG.
Nabt represents a pioneering Saudi model that bridges technology with agricultural production, offering integrated solutions that enhance food security and elevate supply-chain efficiency.
Our support for Nabt reflects our belief that local innovation is the cornerstone of building sustainable and globally competitive sectors—and that Saudi entrepreneurs have the ability to turn ambition into reality.”

Othman Alhokail, Founder and Managing Partner at Merak Capital, commented:
“The fresh produce supply chain has long been constrained by fragmentation and limited visibility. Nabt is addressing these gaps with a digital foundation, improving price discovery, and giving farmers direct access to markets that were previously out of reach. This is the kind of structural modernization that creates lasting productivity gains and strengthens the broader economy. Anchored by Abdullah Alotaibi’s vision and ambitious roadmap for Nabt, we are proud to double down as the company continues to scale.”

With the Saudi fresh-produce market valued at USD 19 billion in 2024 and projected to reach USD 24 billion by 2029, Nabt is strategically positioned to become the core infrastructure powering the Kingdom’s produce economy, driving sustainability, efficiency, and enhanced national food security.

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