National Agricultural Development Co. — Capital/Financing Update 2016

May 12, 2016

National Agricultural Development Co. (NADEC) announces deposit of the fractions shares sale proceeds arising out of the capital increase into shareholders portfolios.

6010 · 12/05/2016 08:09:18 · Announcement #42648 · View on Saudi Exchange

National Agricultural Development Co. (NADEC) announces deposit of the fractions shares sale proceeds arising out of the capital increase into shareholders portfolios.

National Agricultural Development Co. NADEC announces the completion of selling fractions shares arising out of the company's capital increase based on the approval of extraordinary general assembly meeting which was held on 07-04-2016 corresponding to 29-06-1437 as following:

1.The total number of shares fractions is 7,214 shares

2. The Sold fractions shares on 26-04-2016 corresponding to 19-07-1437 with a value of SAR 150,184.01 by average price of SAR 20.82.

3. Amounts will be deposited into the shareholders account on 25-05-2016 corresponding to 18-08-1437

Riyad Bank will be the bank used to deposit the fractions shares amount to those whose accounts data are available, whereas those whose accounts data are not sufficient are required to contact the nearest branch of Riyad bank to receive their due compensation amount after 25-05-2016 corresponding to 18-08-1437.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.