On May 21, 2026, Tabuk Agricultural Development Co. announced its Board of Directors' approval of strategic initiatives to enhance operational and financial efficiency. The company adopted a five-year strategic business plan (2026-2030) aimed at developing operations, improving asset utilization, and growing revenues. Key initiatives include targeting approximately 40% reduction in administrative and general expenses by end of 2026, entering an advisory agreement with Deloitte Financial Advisory and Risk Services for independent reviews of financial and operational aspects through 2025, and exploring strategic partnership opportunities with specialized investment entities. These measures support the company's strategic transformation and operational sustainability goals.

Original announcement:

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