Tabuk Agricultural Sells Horizon Food Shares for SAR 5.985M

TADCO -0.73%

TADCO

6040.SA

6.80

-0.73%

On April 8, 2026, Tabuk Agricultural Development Co. announced it has sold 171,000 shares of its investment in Horizon Food Company at SAR 35 per share, generating total proceeds of SAR 5,985,000 before transaction expenses. This sale is part of the company's previously announced plan to divest up to 1,000,000 shares in Horizon Food Company to enhance liquidity and support operational and agricultural plans. The transaction is expected to result in a loss of SAR 635,778 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.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=94279&anCat=1&cs=6040&locale=ar

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.