On May 13, 2026, Tabuk Agricultural Development Co. announced the completion of its approved share divestment plan, selling the final 286,250 shares of its investment in Horizon Food Co. for a total value of SAR 10,018,750. The company sold 200,000 shares at SAR 35 per share (totaling SAR 7,000,000) and an additional 86,250 shares for SAR 3,018,750 through two separate transactions, completing the full disposal of 1,000,000 shares as previously approved by the Board of Directors. The transactions are expected to result in a loss of SAR 1,064,277 due to the difference between the selling price and the book value of SAR 38.718 per share, with the financial impact to be reflected in the interim financial statements for the period ending June 30, 2026. The divestment aims to enhance cash liquidity and support the company's operational and agricultural plans.

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