On August 24, 2026, Al-Jouf Agricultural Development Co. announced that its Board of Directors recommended, via circular resolution on August 23, 2026, a capital increase through the issuance of 4,500,000 new ordinary shares at an offer price of SAR 52.5 per share (nominal value SAR 10 per share), representing 15% of the current capital, with a total offer value of SAR 236,250,000. The new shares will be offered with suspension of preemptive rights and will be exclusively subscribed by Almunajem Foods Company, which will hold 20.3% of the Company's post-increase capital. The capital increase aims to support the Company's strategic transformation from a traditional agricultural business to an integrated agri-industrial business and to expand its food manufacturing and value-added product activities. The transaction is subject to approvals from the Capital Market Authority, Tadawul, the Company's Extraordinary General Assembly, and Almunajem's internal approvals, with Sadeed Capital appointed as financial advisor.

Original announcement:

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