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Element List	Explanation
Introduction	Based on the Company’s financial results for the fiscal year ended 31 December 2025, which were approved by the Board of Directors on 31 March 2026, Tabuk Agricultural Development Company announces the Board’s recommendation to the Extraordinary General Assembly to reduce the Company’s capital as follows:
Date of Board Meeting	2026-03-31 Corresponding to 1447-10-12
Capital before decrease	SAR 391,767,000
Capital after decrease	SAR 88,484,470
Percentage of Capital decrease	77.41 %
Number of Shares before Decrease	39176700
Number of Shares after Decrease	8848447
Reasons for the Capital Decrease	Restructuring the Company’s capital to write-off accumulated losses amounting to SAR 303,282,530.
Method of Capital Decrease	Cancellation of 30,328,253 shares of the Company’s shares, by cancelling 0.7741 shares for each 1 share held.
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.
Date of reduction	The End of the Second Trading Day after the Extra Ordinary General Assembly Meeting in which Decrease was Resolved
Approvals	The capital reduction is subject to obtaining the approvals of the relevant regulatory authorities and the Extraordinary General Assembly.
Appointment of a Financial Advisor and the Submission of the Application for Capital Decrease to CMA	The Company will announce later upon the appointment of a financial advisor, as well as upon the submission of the capital reduction application file to the Capital Market Authority for its approval.
Additional Information	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, which was held on 10 December 2025; however, the proposed reduction was not approved by the Extraordinary General Assembly. In order to safeguard the interests of the Company’s shareholders, and based on legal consultations, the Board of Directors has resolved to recommend reducing the capital in line with the current accumulated losses of the Company. The Company will announce any subsequent material developments in due course.

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