Logo ofTabuk Agricultural Development Co.
Tabuk Agricultural Development Co. (TADCO) concluded the sale of 314,250 shares in Horizon Food Co., for nearly SAR 19.98 million, after deducting the administrative expenses of the executing party. 
This came as part of the board’s approval to sell part of its shareholding in Horizon Food, amounting to one million shares at no less than SAR 35 apiece, TADCO disclosed in a statement to Tadawul today, March 15.
The transaction was executed with multiple buyers through independent purchase offers.
It noted that the relevant financial impact will be reflected in its interim financial statements for the period ending March 31, 2026. The final financial impact is currently under review.
According to the company, the book value per share of Horizon Food, per the annual financial statements for 2024, stood at SAR 38 apiece.
This transaction fulfills one of the regulatory requirements related to the procedures for Horizon Food’s transition from the Nomu-Parallel Market to the Main Market (TASI). It also bolsters TADCO’s liquidity position and enhances its financial flexibility in a manner that supports its future operational plans.
TADCO is committed to announce any material developments related to the sale of the remaining shares, amounting to 685,750 shares, in accordance with the relevant laws and regulations.
Logo ofTabuk Agricultural Development Co.
Tabuk Agricultural Development Co. (TADCO) concluded the sale of 314,250 shares in Horizon Food Co., for nearly SAR 19.98 million, after deducting the administrative expenses of the executing party.
This came as part of the board’s approval to sell part of its shareholding in Horizon Food, amounting to one million shares at no less than SAR 35 apiece, TADCO disclosed in a statement to Tadawul today, March 15.
The transaction was executed with multiple buyers through independent purchase offers.
It noted that the relevant financial impact will be reflected in its interim financial statements for the period ending March 31, 2026. The final financial impact is currently under review.
According to the company, the book value per share of Horizon Food, per the annual financial statements for 2024, stood at SAR 38 apiece.
This transaction fulfills one of the regulatory requirements related to the procedures for Horizon Food’s transition from the Nomu-Parallel Market to the Main Market (TASI). It also bolsters TADCO’s liquidity position and enhances its financial flexibility in a manner that supports its future operational plans.
TADCO is committed to announce any material developments related to the sale of the remaining shares, amounting to 685,750 shares, in accordance with the relevant laws and regulations.
