Tabuk Agricultural Signs SAR 23.35M Grape Orchards Investment Deal
TADCO 6040.SA | 7.20 | -1.50% |
Tabuk Agricultural Development Co. announced on February 1, 2026, the signing of a SAR 23,352,000 investment contract with Ruwad Alsinaa Waltatweer Company for its grape orchards. The 10-year agreement, signed on January 30, 2026, aims to transform a loss-making asset that accumulated SAR 57.181 million in losses over the past decade into a stable income source. The contract includes a two-phase implementation, starting with 123 hectares until 2029 before expanding to 196 hectares, with the investor bearing all operating costs. Financial impact will be reflected from Q1 2026 throughout the contract period.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=92905&anCat=1&cs=6040&locale=arImportant 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.
