premargin

Element List	Explanation
Introduction	Tabuk Agricultural Development Company announces that its accumulated losses have reached 77.41% of the Company’s capital, based on the annual financial statements for the year ended 31 December 2025.
Date of Realization of the Loss	2025-12-31 Corresponding to 1447-07-11
Date of Notifying the Board of Directors with the Accumulated Loss	2026-03-31 Corresponding to 1447-10-12
Amount of the Accumulated Losses	SAR 303,282,531 (Three hundred three million, two hundred eighty-two thousand, five hundred thirty-one Saudi Riyals)
Percentage of the Accumulated Losses out of the Capital (%)	77.41 %
Major Reasons Leading to the Losses	The losses are mainly attributed to the recognition of impairment in biological assets, increased production and logistics costs, in addition to the provisioning for receivables.
Measures to be Taken by the Company in Regard to Such Losses	The Company affirms its commitment to applying Article (132) of the Companies Law. Accordingly, the Board of Directors will: • Call for an Extraordinary General Assembly meeting within 60 days from the date of the Board’s awareness of the losses, i.e., no later than 30 May 2026.
Last day for board of directors to publish the recommendation for the Accumulated Losses	27 September 2026
Last day for board of directors to publish the EGM invitation to consider the company’s continuation	The Extraordinary General Assembly must be held within 180 days from the date of the Board’s awareness of the losses (i.e., no later than 27 September 2026), to consider the continuation of the Company while taking the necessary measures to address these losses or to dissolve the Company.
Application of the Procedures and Instructions	Procedures and Instructions Applicable on Companies Listed in Saudi Capital Market Whose Accumulated Losses Reach 20% or more out of the Capital Thereof will be Applied
Reference to additional procedures or instructions	The Board of Directors recommended initiating the required procedures and complying with all relevant laws and regulations concerning companies whose losses exceed 20% of capital, particularly with respect to disclosure and the protection of shareholders’ rights and interests.
Additional Information	• The above dates are determined in accordance with Article (132) of the Companies Law, which stipulates that: “If the losses of a joint stock company reach half of the issued capital, the Board of Directors shall disclose this and its recommendations regarding such losses within (60) days from the date it becomes aware thereof, and shall call for an Extraordinary General Assembly to convene within (180) days from the date of such awareness to consider the continuation of the company while taking any necessary measures to address such losses, or to dissolve it.” • The Company had previously announced on 03 April 2025 that its accumulated losses had reached 52.9% of the capital, and an Extraordinary General Assembly was called to reduce the capital. The meeting was held on 10 December 2025, however, the proposed capital reduction was not approved by the Extraordinary General Assembly

Tabuk Agricultural Development Co. Announces its accumulated loses reaching 77.41 % of its capital