premargin

Element List	Explanation
Introduction	With reference to the approval of the Board of Directors of Tabuk Agricultural Development Company to sell part of its stake in Horizon Food Company amounting to (1,000,000) shares at a price not less than SAR (35) per share. Further to the Company’s announcement published on Tadawul on 15/03/2026G (corresponding to 26/09/1447H), regarding the sale of part of its investment in Horizon Food Company, and the execution of a transaction involving the sale of (314,250) shares out of the total approved quantity for sale, with a total value of SAR (10,979,639) after deducting administrative execution costs. The Company will announce any material developments related to the sale of the remaining shares amounting to (685,750) shares in the event of executing additional significant transactions, in accordance with the relevant rules and regulations. And Further to the supplementary announcement published on (Tadawul) dated 26 March 2026G (corresponding to 7 Shawwal 1447H
Previous Announcement	Announcement by Tabuk Agricultural Development Company regarding the sale of part of its investment in Horizon Food Co
Date of Previous Announcement on Saudi Exchange’s Website	2026-03-15 Corresponding to 1447-09-26
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The Company announces that it has sold (228,500) shares from its investment in Horizon Food Company at a price of SAR (35) per share, with a total value of SAR (7,997,500) (before deducting transaction-related expenses). The transaction was executed with multiple buyers through independent purchase orders. The Company clarifies that this transaction is a continuation of the previously announced plan to sell part of its investment in Horizon Food Company, as part of its strategy to sell up to (1,000,000) shares, with the objective of enhancing liquidity and supporting its operational and agricultural plans.
Reasons For The Delay on The Date of The Event Previously Announced	Not applicable.
The costs associated with the event, and if they have changed or not with indication of the reasons.	It is expected that this transaction will result in an accounting (book) loss amounting to SAR (685,500), representing the difference between the selling price and the book value of the investment, which amounts to SAR (38) per share, based on the latest announced annual financial statements for the year ended 2024. The financial impact of this transaction will be reflected in the Company’s interim financial statements for the period ending 31 March 2026.
Delay consequences on the Company’s financial results	Not applicable.
Additional Information	The Company will disclose any further material developments in due course in accordance with the applicable rules and regulations.

Tabuk Agricultural Development Co. Announces an update on Announcement by Tabuk Agricultural Development Company regarding the sale of part of its investment in Horizon Food Co