premargin

Tabuk Agricultural Development Co. sold 228,500 shares of Horizon Food Company at SAR 35 per share, totaling SAR 7,997,500.
The transaction resulted in a loss of SAR 685,500, calculated as the difference between the sale price and the book value of SAR 38 per share.
This sale is part of an ongoing strategy to divest up to 1,000,000 shares to enhance liquidity and support operational and agricultural plans.
The financial impact of the sale will be reflected in the company's interim financial statements for the period ending March 31, 2026.

Element List	Explanation
Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website	2026-03-26 Corresponding to 1447-10-07
Hyperlink to the Previous Announcement	Click Here
Incorrect statements in the previous announcement	Latest Developments Of The Announced Event: The Company announces that it has sold (228,500) shares from its investment in Horizon Food Company at a price of SAR (35) per share, with a total value of SAR (7,997,500) (before deducting transaction-related expenses). The transaction was executed with multiple buyers through independent purchase orders. The Company clarifies that this transaction is a continuation of the previously announced plan to sell part of its investment in Horizon Food Company, as part of its strategy to sell up to (1,000,000) shares, with the objective of enhancing liquidity and supporting its operational and agricultural plans. 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 an accounting (book) loss amounting to SAR (685,500), representing the difference between the selling price and the book value of the investment, which amounts to SAR (38) per share, based on the latest announced annual financial statements for the year ended 2024. The financial impact of this transaction will be reflected in the Company’s interim financial statements for the period ending 31 March 2026.
Correct Statement	Latest Developments Of The Announced Event: The Company announces that it has sold (228,500) shares from its investment in Horizon Food Company at a price of SAR (35) per share, with a total value of SAR (7,997,500) (before deducting transaction-related expenses). The transaction was executed with multiple buyers through independent purchase orders. The Company clarifies that this transaction is a continuation of the previously announced plan to sell part of its investment in Horizon Food Company, as part of its strategy to sell up to (1,000,000) shares, with the objective of enhancing liquidity and supporting its operational and agricultural plans. 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 a loss amounting to SAR (685,500), representing the difference between the selling price and the book value of the investment, which amounts to SAR (38) per share, based on the latest announced annual financial statements for the year ended 2024. The financial impact of this transaction will be reflected in the Company’s interim financial statements for the period ending 31 March 2026.
Additional Information	The correction is limited to the phrase (accounting (book) loss) only, with no other changes to the content of the announcement.

Element List

Explanation

Date of Publishing the Previous Announcement Sought to be Corrected on Saudi Exchange’s Website

2026-03-26 Corresponding to 1447-10-07

Hyperlink to the Previous Announcement

Click Here

Incorrect statements in the previous announcement

Latest Developments Of The Announced Event:

The Company announces that it has sold (228,500) shares from its investment in Horizon Food Company at a price of SAR (35) per share, with a total value of SAR (7,997,500) (before deducting transaction-related expenses). The transaction was executed with multiple buyers through independent purchase orders.

The Company clarifies that this transaction is a continuation of the previously announced plan to sell part of its investment in Horizon Food Company, as part of its strategy to sell up to (1,000,000) shares, with the objective of enhancing liquidity and supporting its operational and agricultural plans.

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 an accounting (book) loss amounting to SAR (685,500), representing the difference between the selling price and the book value of the investment, which amounts to SAR (38) per share, based on the latest announced annual financial statements for the year ended 2024.

The financial impact of this transaction will be reflected in the Company’s interim financial statements for the period ending 31 March 2026.

Correct Statement

Latest Developments Of The Announced Event:

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 a loss amounting to SAR (685,500), representing the difference between the selling price and the book value of the investment, which amounts to SAR (38) per share, based on the latest announced annual financial statements for the year ended 2024.

The financial impact of this transaction will be reflected in the Company’s interim financial statements for the period ending 31 March 2026.

Additional Information

The correction is limited to the phrase (accounting (book) loss) only, with no other changes to the content of the announcement.

Correction announcement from Tabuk Agricultural Development Co. in regards to its Announces an update on Announcement by Tabuk Agricultural Development Company regarding the sale of part of its investment in Horizon Food Co