Announcement by Tabuk Agricultural Development Company regarding the sale of part of its investment in Horizon Food Co

Tabuk Agricultural Development Company announces that the sale transaction of (314,250) shares out of the total quantity approved for sale has been completed, with a total value of SAR (10,979,639) after deducting the administrative expenses of the executing party. The transaction was executed with multiple buyers through independent purchase offers.

The financial impact of these transactions will be reflected in the Company’s interim financial statements for the period ending 31 March 2026. The final financial impact resulting from the execution of these transactions is currently being calculated.

It is also worth noting that the book value per share of Horizon Food Co., according to the latest annual financial statements announced on 31 December 2024, amounts to SAR (38) per share.

This transaction comes as part of fulfilling one of the regulatory requirements related to the procedures for transferring Horizon Food Co., from Nomu – Parallel Market

to the Saudi Main Capital Market, in addition to supporting the liquidity position of Tabuk Agricultural Development Company and enhancing its financial flexibility in a manner that supports its future operational plans.

The Company will announce any material developments related to the sale of the remaining shares, amounting to (685,750) shares, in the event that additional significant sale transactions are executed, in accordance with the relevant laws and regulations.