On July 26, 2026, Al-Jouf Agricultural Development Co. announced that its Board of Directors approved on July 25, 2026, the signing of a binding share subscription agreement with Almunajem Foods Company, under which AlMunajem will participate as a strategic investor through the acquisition of a minority stake via a capital increase with suspension of pre-emptive rights, at a subscription price of SAR 52.5 per share, not exceeding 15% of the Company's total share capital. The Board has delegated the Chairman, or his designee, to execute the agreement, which will subsequently be submitted to the Capital Market Authority and relevant regulatory authorities for approval. Upon securing the required approvals, an Extraordinary General Assembly meeting will be convened to vote on the resolution. Sadeed Financial Company is serving as the Company's financial advisor.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.