premargin

Element List	Explanation
Introduction	With reference to the approval of the Board of Directors of Tabuk Agricultural Development Company to sell part of its shareholding in Horizon Food Company amounting to (1,000,000) shares at a price not less than SAR 35 per share. Further to the Company’s announcement published on the Saudi Exchange (Tadawul) website on 15/03/2026G corresponding to 26/09/1447H, regarding the sale of part of its investment in Horizon Food Company, as well as the announcement published on 26/03/2026G corresponding to 07/10/1447H concerning the latest developments in relation to the sale of part of its investment in the same company. The Company will announce in due course any material developments related to the sale of the remaining shares, in the event that additional significant sale transactions are executed, in accordance with the applicable rules and regulations.
Previous Announcement	Announcement of Tabuk Agricultural Development Company regarding the sale of part of its investment in Horizon Food Company
Date of Previous Announcement on Saudi Exchange’s Website	2026-03-26 Corresponding to 1447-10-07
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	Tabuk Agricultural Development Company announces that it has sold (171,000) shares of its investment in Horizon Food Company at a price of SAR 35 per share, with a total value of SAR 5,985,000 (before deducting transaction-related expenses). The Company clarifies that this transaction is a continuation of its previously announced plan to sell part of its investment in Horizon Food Company, within its strategy to sell up to (1,000,000) shares in the said company, with the objective of enhancing liquidity and supporting its operational and agricultural plans. And the Company will also announce any further material developments in due course in accordance with the applicable rules and regulations.
Reasons For The Delay on The Date of The Event Previously Announced	Not applicable
The costs associated with the event, and if they have changed or not with indication of the reasons.	It is expected that this transaction will result in recording a loss of SAR 635,778, due to the difference between the selling price and the book value of the investment, which amounts to SAR 38.718 per share, based on the latest annual financial statements as of the end of 2025. The financial impact of this transaction will be reflected in the Company’s interim financial statements for the period ending 30 June 2026.
Delay consequences on the Company’s financial results	Not applicable

Tabuk Agricultural Development Co. Announces an update on Announcement of Tabuk Agricultural Development Company regarding the sale of part of its investment in Horizon Food Company