On July 27, 2026, Al-Jouf Agricultural Development Co. announced on the Saudi Exchange (Tadawul) the signing of a binding share subscription agreement with AlMunajem Foods Company, a related party and existing substantial shareholder, dated July 26, 2026. Under the agreement, the Company will increase its capital from SAR 300,000,000 to SAR 345,000,000 by issuing 4,500,000 new ordinary shares at SAR 10 nominal value per share, representing 15% of the current share capital, with pre-emptive rights suspended. AlMunajem will fully subscribe to the new shares at SAR 52.5 per share, for a total subscription amount of SAR 236,250,000, enabling AlMunajem to participate as a strategic minority investor. The agreement is subject to approval from the Capital Market Authority, Tadawul, and the Company's Extraordinary General Assembly, which will also be asked to vote on reducing the Board of Directors from seven to six members; Sadeed Financial Company is acting as the Company's financial advisor.

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