Riyadh - Mubasher: Tabuk Agricultural Development Company (TADCO) announced that its board of directors, during its meeting held on April 6, 2025, recommended the termination of its current term, which began on July 1, 2024, and ends on June 30, 2027, effective from the date of the next general assembly meeting.

The company explained in a statement on the Saudi Stock Exchange (Tadawul) on Monday that this recommendation comes within the framework of the board's commitment to providing all shareholders with the opportunity to participate effectively and to enhance the company's business development and expansion.

The company added that the general assembly will be called after completing the necessary regulatory procedures and obtaining approvals from the relevant authorities, to consider voting on ending the current board term and electing a new board of directors for a three-year term beginning from the date of the assembly meeting, provided the first clause is approved.

The company confirmed that the current board of directors and its committees will continue to perform their duties until the general assembly convenes and votes on the termination of the term, in accordance with Articles 68 and 69 of the Companies Law.