| 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. |
