Logo ofTabuk Agricultural Development Co. (TADCO)
Tabuk Agricultural Development Co.’s board recommended, on April 6, ending its current three-year term, which began on July 1, 2024. 
The board seeks to end the term from the date of the shareholders meeting that approves the proposal.
For more news on listed companies
In a statement released on Tadawul, the company explained that the board believes this step is necessary to facilitate the active participation of all shareholders. It reflects the board’s commitment to ensuring development and expansion of the company’s operations.
A General meeting will be held after obtaining the necessary approvals from the relevant authorities to vote on the termination of the current board’s term, effective from the date of the meeting.
In addition, shareholders will vote on electing a new board for a new 3-year term, starting from the date of the meeting, in case the first item is approved, the statement added.
Tabuk Agricultural further highlighted that, in line with the board’s responsibilities under Articles 68 and 69 of the Companies Law, the current board and committees will continue to carry out their duties as required until the date of the assembly and the vote on ending the current board’s term.
Logo ofTabuk Agricultural Development Co. (TADCO)
Tabuk Agricultural Development Co.’s board recommended, on April 6, ending its current three-year term, which began on July 1, 2024.
The board seeks to end the term from the date of the shareholders meeting that approves the proposal.
For more news on listed companies
In a statement released on Tadawul, the company explained that the board believes this step is necessary to facilitate the active participation of all shareholders. It reflects the board’s commitment to ensuring development and expansion of the company’s operations.
A General meeting will be held after obtaining the necessary approvals from the relevant authorities to vote on the termination of the current board’s term, effective from the date of the meeting.
In addition, shareholders will vote on electing a new board for a new 3-year term, starting from the date of the meeting, in case the first item is approved, the statement added.
Tabuk Agricultural further highlighted that, in line with the board’s responsibilities under Articles 68 and 69 of the Companies Law, the current board and committees will continue to carry out their duties as required until the date of the assembly and the vote on ending the current board’s term.
