On July 26, 2026, Tabuk Agricultural Development Co. announced that the Capital Market Authority (CMA) granted its approval on July 23, 2026, for the company's application to reduce its capital from SAR 391,767,000 to SAR 76,524,600, representing a reduction rate of 80.47%. The number of shares will be reduced from 39,176,700 ordinary shares to 7,652,460 ordinary shares through the cancellation of 31,524,240 ordinary shares, with the purpose of restructuring the company's capital to extinguish accumulated losses. The capital reduction will take effect at the end of the second trading day following the Extraordinary General Assembly's approval of the resolution. The CMA's approval remains conditional upon obtaining Extraordinary General Assembly approval and the completion of all relevant regulatory requirements and procedures.

Original announcement:

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