TADCO’s board affirmed that the interests of the company and its shareholders remain its top priority.
Tabuk Agricultural Development Co. (TADCO) said that its board of directors is currently studying a number of regulatory and financial options and measures that would support the company, strengthen its financial position, and ensure the continuity of its operations, in full compliance with the relevant laws and regulations. 
In a statement to Tadawul, the company said that board affirms that the interests of the company and its shareholders remain its top priority.
Meanwhile, TADCO stated that it will announce to its shareholders any material developments or decisions made in this regard as soon as they become available and in accordance with regulatory requirements.
The company also reiterated its commitment to transparency and its dedication to protecting shareholders’ interests and enhancing the sustainability of its business.
According to data available on Argaam, TADCO’s shareholders rejected, on Dec. 10, the board of directors’ proposal to reduce the company’s capital by 52.94% from SAR 391.77 million to SAR 184.36 million to offset accumulated losses.
TADCO’s accumulated losses reached SAR 256.59 million, equivalent to 65.5% of its capital, by the end of Q3 2025, while its working capital deficit stood at approximately SAR 155.5 million.
TADCO’s board affirmed that the interests of the company and its shareholders remain its top priority.
Tabuk Agricultural Development Co. (TADCO) said that its board of directors is currently studying a number of regulatory and financial options and measures that would support the company, strengthen its financial position, and ensure the continuity of its operations, in full compliance with the relevant laws and regulations.
In a statement to Tadawul, the company said that board affirms that the interests of the company and its shareholders remain its top priority.
Meanwhile, TADCO stated that it will announce to its shareholders any material developments or decisions made in this regard as soon as they become available and in accordance with regulatory requirements.
The company also reiterated its commitment to transparency and its dedication to protecting shareholders’ interests and enhancing the sustainability of its business.
According to data available on Argaam, TADCO’s shareholders rejected, on Dec. 10, the board of directors’ proposal to reduce the company’s capital by 52.94% from SAR 391.77 million to SAR 184.36 million to offset accumulated losses.
TADCO’s accumulated losses reached SAR 256.59 million, equivalent to 65.5% of its capital, by the end of Q3 2025, while its working capital deficit stood at approximately SAR 155.5 million.
