premargin

Element List	Explanation
Introduction	Referring to Tabuk Agricultural Development Company’s ( “ The Company”) announcement published on Tadawul website on 13/10/1447H corresponding to 01/04/2026G, regarding the Board of Directors’ recommendation to the Extraordinary General Assembly to reduce the Company’s share capital to address accumulated losses amounting to 77.41% of the Company’s capital, through the cancellation of 30,282,530 shares, by cancelling (0.7741) share for every (1) share held; Further referring to its announcement published on Tadawul website on 25/11/1447H corresponding to 12/05/2026G regarding the interim financial results for the period ended 31/03/2026 (three months), the Company announces that its Board of Directors has issued a resolution on 25/11/1447 H Corresponding to 12/05/2026G to amend its previous recommendation and submit a new recommendation to the Extraordinary General Assembly to reduce the Company’s share capital to address the accumulated losses, which now amount to 80.47% of the share capital, based on the first quarter financial results for the period ended 31/03/2026. This capital restructuring aims to offset accumulated losses amounting to SAR 315,242,400 through the cancellation of 31,524,240 ordinary shares, representing a cancellation of (0.8047) share for every (1) share held.
Previous Announcement	Tabuk Agricultural Development Co. Announces Board's Recommendation to Decrease the Company's Capital
Date of Previous Announcement on Saudi Exchange’s Website	2026-04-01 Corresponding to 1447-10-13
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The Company announces that its Board of Directors, by resolution dated on 25/11/1447 H Corresponding to 12/05/2026G, has approved amending its previous recommendation and submitting a new recommendation to the Extraordinary General Assembly to reduce the Company’s share capital as follows: o Capital before decrease: SAR 391,767,000 o Capital after decrease: SAR 76,524,600 o Percentage of Capital decrease: 80.47% o Number of Shares before Decrease: 39,176,700ordinary shares o Number of Shares after Decrease: 7,652,460 ordinary shares o Reasons for the Capital Decrease: Restructuring the Company’s capital to write-off accumulated losses amounting to SAR 315,242,400. o Method of Capital Decrease: Cancellation of 31,524,240 shares of the Company’s shares, by cancelling (0.8047) shares for each 1 share held. o Impact of the Capital Decrease on the Company's Obligations, Operations or Operational, Financial or Organizational Performance of the Company: There is no material Impact of capital reduction on the Company’s obligations, operations, or its financial, operational, or regulatory performance. o Date of reduction: The End of the Second Trading Day after the Extra Ordinary General Assembly Meeting in which Decrease was Resolved The capital reduction is subject to obtaining the approvals of the relevant regulatory authorities and the Extraordinary General Assembly.
Reasons For The Delay on The Date of The Event Previously Announced	N/A
The costs associated with the event, and if they have changed or not with indication of the reasons.	N/A
Delay consequences on the Company’s financial results	N/A
Additional Information	The Company will announce an invitation to its esteemed shareholders to attend an Extraordinary General Assembly meeting to vote on the Board of Directors’ recommendation once all the necessary regulatory approvals have been obtained. The Company will also announce any material developments that require disclosure in due course. The financial advisor for the capital reduction is Wasatah Capital, as previously disclosed.

Tabuk Agricultural Development Co. Announces an update on the Board's Recommendation to Decrease the Company's Capital