premargin

Tabuk Agricultural Development Co. sold 314,250 shares of its investment in Horizon Food Co. at a price of SAR 35 per share, totaling SAR 10,979,639.
The transaction resulted in a loss of SAR 942,750, representing the difference between the selling price and the book value of SAR 38 per share.
Proceeds from the sale will be used to enhance company liquidity and support operational and agricultural plans.
The financial impact will be reflected in the financial statements for the period ending March 31, 2026.

Element List	Explanation
Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website	2026-03-26 Corresponding to 1447-10-07
Hyperlink to the Previous Announcement	Click Here
Incorrect statements in the previous announcement	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. 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
Correct Statement	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 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. Additional Clarifications: The Company would like to clarify that these losses are 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 correction is limited to the phrases (accounting (book) loss) and (of an accounting nature (non-cash)) only, with no other changes to the content of the announcement.

Element List

Explanation

Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website

2026-03-26 Corresponding to 1447-10-07

Hyperlink to the Previous Announcement

Click Here

Incorrect statements in the previous announcement

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.

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

Correct Statement

Transaction Details:

This transaction resulted in the recognition of 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.

Additional Clarifications:

The Company would like to clarify that these losses are 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 correction is limited to the phrases (accounting (book) loss) and (of an accounting nature (non-cash)) only, with no other changes to the content of the announcement.

Correction announcement from Tabuk Agricultural Development Co. in regards to its addendum Announcement from Tabuk Agricultural Development Co. in regards to the Sale of Part of Its Investment in Horizon Food Company