On August 13, 2026, Tabuk Agricultural Development Company announced the sale of a portion of its investment in Horizon Food Company through two separate transactions: 157,100 shares at SAR 35 per share for a total of SAR 5,498,500, and 142,900 shares at SAR 35 per share for a total of SAR 5,001,500, bringing the combined proceeds to SAR 10,500,000 before related expenses. The transactions are expected to result in a recognized loss of SAR 1,115,400, reflecting the difference between the selling price and the book value of SAR 38.718 per share as reported in the Company's latest annual financial statements for the year ended December 31, 2025. The sale was approved by the Board of Directors with the aim of enhancing cash liquidity and supporting the Company's operational and agricultural plans, with the financial impact to be reflected in the financial statements for the period ending September 30, 2026.

Original announcement:

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