Tabuk Agricultural Development Co. Announces the Submission of the Decrease of the Company’s Capital Application File to CMA

Element List	Explanation
Introduction	Further to the company’s Announcement on Tadawul website on 01/04/2026G corresponding to 13/10/1447H regarding the Board of Directors’ Recommendation to Reduce the Company's Capital. and its subsequent announcement published on 25/11/1447 H corresponding to 12/05/2026G amending the capital reduction recommendation, Tabuk Agricultural Development Co. wishes to inform its shareholders that it has submitted the application file to reduce the capital for approval to the CMA on Wednesday 17/06/2026G corresponding to 02/01/1448H
Date of Submitting the Application File to CMA	2026-06-17 Corresponding to 1448-01-02
Application Subject	Reduction of the Company’s share capital from three hundred and ninety-one million seven hundred and sixty-seven thousand (391,767,000) Saudi riyals to seventy-six million five hundred and twenty-four thousand six hundred (76,524,600) Saudi riyals, through the cancellation of thirty-one million five hundred and twenty-four thousand two hundred and forty (31,524,240) ordinary shares of the Company, representing a value of three hundred and fifteen million two hundred and forty-two thousand four hundred (315,242,400) Saudi riyals, for the purpose of restructuring the Company’s share capital to offset accumulated losses.
Date of Announcing Board Recommendation to Decrease the Company’s Capital on Saudi Exchange’s Website	2026-04-01 Corresponding to 1447-10-13
Additional Information	The capital decrease is subject to the applicable regulatory approvals, including the approval of the Company’s extraordinary general assembly. The company will announce any future development regarding this matter as they become available.