Tabuk Agricultural Development Co. Announces the Board of Directors’ Initiatives to Support Strategic Transformation and Enhance Operational and Financial Efficiency

Tabuk Agricultural Development Co. approved a five-year strategic business plan (2026–2030) focused on growing revenues, enhancing asset utilization, and improving financial sustainability.
The company is targeting an approximate 40% reduction in administrative, general, marketing, and distribution expenses by the end of 2026 to improve operational efficiency.
An advisory agreement was signed with Deloitte Financial Advisory and Risk Services to conduct independent reviews of financial, operational, and governance aspects for periods through the end of 2025.
The company continues to evaluate potential strategic partnerships and cooperation opportunities with specialized investment and operational entities to maximize asset utilization.

Element List	Explanation
Announcement Detail	Tabuk Agricultural Development Co. (“the Company”) would like to clarify to its valued shareholders that it is currently implementing a number of strategic and operational initiatives, the most prominent of which are as follows: 1. Adoption of a Five-Year Strategic Business Plan (2026–2030) The Board of Directors has approved the Company’s five-year strategic business plan, aimed at developing the Company’s business operations, enhancing the efficiency of asset utilization, growing revenues, and improving financial and operational sustainability, in line with the Company’s future direction and upcoming phase. 2. Enhancing Operational Efficiency and Rationalizing Expenses The Company is implementing several initiatives aimed at reducing administrative and general expenses, in addition to reviewing and optimizing marketing and distribution expenses, as part of its efforts to improve operational efficiency, enhance financial performance, and strengthen sustainability, targeting an approximate reduction of 40% by the end of 2026. 3. Advisory Agreement with Deloitte Financial Advisory and Risk Services The Company has entered into an advisory agreement with Deloitte Financial Advisory and Risk Services to provide specialized consulting services related to conducting independent professional reviews and analyses of certain financial, operational, control, and governance aspects relating to previous periods up to the end of 2025. This engagement supports the Company’s efforts to enhance performance efficiency and improve internal procedures and controls in accordance with best professional practices. This step comes as part of the Board of Directors’ efforts to strengthen governance and institutional oversight and to support development and continuous improvement plans. 4. Exploring Strategic Partnership and Cooperation Opportunities The Company continues to evaluate several partnership and cooperation opportunities with specialized investment and operational entities, in a manner that supports the Company’s future plans, business development, and maximizes the utilization of its assets and operational capabilities. The Company affirms its continued commitment to implementing development initiatives and plans in accordance with best professional and regulatory practices, in a manner that serves the interests of the Company and its shareholders and supports the sustainability of its operations. May Allah grant success.

Element List

Explanation

Announcement Detail

Tabuk Agricultural Development Co. (“the Company”) would like to clarify to its valued shareholders that it is currently implementing a number of strategic and operational initiatives, the most prominent of which are as follows:

1. Adoption of a Five-Year Strategic Business Plan (2026–2030)

The Board of Directors has approved the Company’s five-year strategic business plan, aimed at developing the Company’s business operations, enhancing the efficiency of asset utilization, growing revenues, and improving financial and operational sustainability, in line with the Company’s future direction and upcoming phase.

2. Enhancing Operational Efficiency and Rationalizing Expenses

The Company is implementing several initiatives aimed at reducing administrative and general expenses, in addition to reviewing and optimizing marketing and distribution expenses, as part of its efforts to improve operational efficiency, enhance financial performance, and strengthen sustainability, targeting an approximate reduction of 40% by the end of 2026.

3. Advisory Agreement with Deloitte Financial Advisory and Risk Services

The Company has entered into an advisory agreement with Deloitte Financial Advisory and Risk Services to provide specialized consulting services related to conducting independent professional reviews and analyses of certain financial, operational, control, and governance aspects relating to previous periods up to the end of 2025. This engagement supports the Company’s efforts to enhance performance efficiency and improve internal procedures and controls in accordance with best professional practices.

This step comes as part of the Board of Directors’ efforts to strengthen governance and institutional oversight and to support development and continuous improvement plans.

4. Exploring Strategic Partnership and Cooperation Opportunities

The Company continues to evaluate several partnership and cooperation opportunities with specialized investment and operational entities, in a manner that supports the Company’s future plans, business development, and maximizes the utilization of its assets and operational capabilities.

The Company affirms its continued commitment to implementing development initiatives and plans in accordance with best professional and regulatory practices, in a manner that serves the interests of the Company and its shareholders and supports the sustainability of its operations.

May Allah grant success.