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Element List	Explanation
Introduction	Further to Tabuk Agricultural Development Company’s announcement published on the Saudi Exchange (Tadawul) on 15/03/2026G (corresponding to 26/09/1447H), regarding the sale of part of its investment in Horizon Food Co., the Company would like to provide further clarification on the executed transactions and their financial impact in greater detail.
Date of Posting the Previous Announcement of Development on Saudi Exchange’s Website	2026-03-15 Corresponding to 1447-09-26
Hyperlink to the Previous Announcement	Click Here
Change on the Development	Transaction Details: The Company has sold (314,250) shares from its investment in Horizon Food Co., at a price of SAR (35) per share, with a total value of SAR (10,979,639), after deducting transaction-related expenses as previously disclosed. This transaction resulted in the recognition of an accounting (book) loss amounting to SAR (942,750), representing the difference between the selling price and the book value per share of SAR (38), based on the latest announced annual financial statements for the year ended 2024.
Financial Impact on the change	Additional Clarifications: The Company would like to clarify that these losses are accounting in nature (non-cash), arising from the difference between the book value and the selling price. Meanwhile, the transaction has contributed to enhancing the Company’s liquidity and supporting its operational and agricultural plans. The financial impact of the executed transactions will be reflected in the Company’s financial statements for the period ending 31 March 2026
Additional Information	The Company also notes that the sale process remains partial, and any further material developments will be announced in due course in accordance with the applicable rules and regulations.

Addendum Announcement from Tabuk Agricultural Development Co. in regards to the Sale of Part of Its Investment in Horizon Food Company