On June 18, 2026, Tabuk Agricultural Development Co. announced it has submitted its capital reduction application to the CMA on June 17, 2026. The company seeks to reduce its share capital from SAR 391,767,000 to SAR 76,524,600 through the cancellation of 31,524,240 ordinary shares valued at SAR 315,242,400. The capital reduction aims to restructure the company's share capital to offset accumulated losses and is subject to regulatory approvals including extraordinary general assembly approval.

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