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Tabuk Agricultural Development Co. — Capital/Financing Update 2026
Apr 27, 2026
53475_rns_2026-04-27_84a9fbc2-84a7-4c9e-a0e0-cc8415144750.html
Capital/Financing Update
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Tabuk Agricultural Development Co. Announces Appointment of a Financial Advisor for Capital Decrease
6040 · 27/04/2026 16:07:59 · Announcement #94710 · View on Saudi Exchange
Tabuk Agricultural Development Co. Announces Appointment of a Financial Advisor for Capital Decrease
| Element List | Explanation |
|---|---|
| Introduction | With reference to Tabuk Agricultural Development Company’s announcement published on Tadawul website on 01/04/2026 corresponding to 13/10/1447H regarding the Board of Directors’ recommendation to reduce the Company’s capital to offset accumulated losses, |
Tabuk Agricultural Development Company announces that its Board of Directors, in its resolution dated 27/04/2026 corresponding to 10/11/1447H, has approved the appointment of Wasatah Capital as the Company’s financial advisor in relation to the capital reduction process, to undertake all related regulatory procedures. Name of Financial Advisor Wasatah Capital co. Financial Advisor Appointment Date 2026-04-27 Corresponding to 1447-11-10 Reason for Replacing Financial Advisor Not applicable Additional Information The Company will announce in due course upon submission of the capital reduction application file to the Capital Market Authority, and will also disclose any material developments related to the capital reduction process in a timely manner, in accordance with the applicable laws and regulations.
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.