| Element List | Explanation |
|---|---|
| Introduction | The board of directors of the Tabuk Agricultural Development Co., (the “Company”) invites the company’s shareholders to attend the Extraordinary General Meeting which includes Company Capital reduction -First Meeting- (“EGM”) scheduled to be held at 6:30 p.m. on Monday, 18 Rabi AlAwal 1448H (corresponding to August 31, 2026), in person and via modern technology through the Tadawulaty platform. |
| City and Location of the Extraordinary General Assembly's Meeting | In presence at the guest house at the company's project in Tabuk City - Halat Ammar Road, According to the location below: https://urli.info/1pl5G Also, via modern technology. |
| Hyperlink of the Meeting Location | Click Here |
| Date of the General Assembly's Meeting | 2026-08-31 Corresponding to 1448-03-18 |
| Time of the General Assembly’s Meeting | 18:30 |
| Methodology of Convening the General Assembly’s Meeting | Attendance in-person and via modern technology means |
| Attendance Eligibility, Registration Eligibility, and Voting End | Shareholders who are registered in the issuers shareholders record at the Depositary Center by the end of the trade session prior to the general assembly meeting and in accordance with the laws and regulations. The shareholder has the right to delegate whomever other than the board of directors. The right to register a name to attend the general assembly meeting ends at the time of convening the general assembly meeting. The attendees right to vote on the items of the assembly’s agenda ends upon the end of screening the votes by the Screening Committee. |
| Quorum for Convening the General Assembly's Meeting | According to Article (29) of the company’s bylaws, The Extraordinary General Meeting will be in Quorum if attended by at least 50% of the company shares that have voting rights, if Quorum of the first meeting is not reached, the second meeting will be held one hour after the specified time of the first meeting, Second Meeting will be in quorum if at least 25% of the company shares that have voting rights attend. |
| Meeting Agenda | 1) Voting on the Board of Directors’ recommendation to reduce the company’s share capital as follows: • Share capital before reduction: SAR 391,767,000 • Share capital after reduction: SAR 76,524,600 • Capital reduction percentage: 80.47% • Number of shares before reduction: 39,176,700 shares • Number of shares after reduction: 7,652,460 shares • Reason for the capital reduction: To restructure the company’s capital in order to offset accumulated losses. • Method of capital reduction: By cancelling 31,524,240 shares of the company’s shares; one (1) share will be cancelled for every 1.24 shares owned. • Effective date of the reduction: If this item is approved, the capital reduction decision shall be effective for the company’s shareholders who own shares on the date of the Extraordinary General Assembly meeting and who are registered in the company’s shareholders register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the Extraordinary General Assembly meeting at which the capital reduction was approved. • Impact of the capital reduction on the company’s obligations: The capital reduction will have no impact on the company’s financial obligations, operations, financial performance, or regulatory status. • Amendment of Article (7) of the company’s Articles of Association related to share capital. (Attached) • Amendment of Article (8) of the company’s Articles of Association related to capital subscription. (Attached) |
| Proxy Form | Proxy Form |
| The shareholder right in discussing the assembly agenda topics, asking questions, and exercising the voting right | The shareholders have the right to discuss the assembly agenda topics and ask related questions, shareholders can remotely vote on the Extraordinary assembly agenda through the electronic voting service using the following link: www.tadawulaty.com.sa Also, in presence |
| Details of the electronic voting on the Assembly’s agenda | The shareholders who are registered on the website of (Tadawulaty) electronic trading services can remotely vote on the items of the EGM through (electronic voting) service. The remote voting will start from Thursday morning (01:00 AM) dated 27/08/2026 corresponding 14/03/1448H and the voting will end once the EGM concludes. Registration and voting via Tadawulaty services will be available and free of charge for all shareholders using the following link: www.tadawulaty.com.sa. |
| Method of Communication in Case of Any Enquiries | In the event of an inquiry about the association’s terms, we hope to contact the Investor Relations Department, phone number 0144500000, ext. 103, or email: IR@tadco-agri.com |
| Attached Documents | Attached Documents Attached Documents |
Tabuk Agricultural Development Co. Board invites its shareholders to attend the Extraordinary General Assembly meeting which include the Decrease of the company’s capital (The First Meeting) In presence and via modern technology means
AI Summary
- Tabuk Agricultural Development Co. will hold an Extraordinary General Meeting on August 31, 2026, to vote on a board recommendation for an 80.47% capital reduction.
- The proposal seeks to reduce share capital from SAR 391,767,000 to SAR 76,524,600 by canceling 31,524,240 shares (1 share cancelled for every 1.24 shares owned).
- The capital restructuring is intended to offset accumulated losses and will not impact the company's financial obligations, operations, or performance.
- Shareholders can participate in person or via the Tadawulaty platform, with electronic voting scheduled to begin on August 27, 2026.
