Logo ofTabuk Agricultural Development Co. (TADCO)
Tabuk Agricultural Development Co.’s (TADCO) extraordinary general meeting (EGM) of approved yesterday, Sept. 27, the board’s recommendation to reduce the company’s capital by 80.47%. 
The capital cut will be implemented through writing off 31.52 million ordinary shares, at a rate of one share for every 1.24 shares held.
Capital Cut Details
Current Capital
SAR 391.77 mln
Current Number of Shares
39.18 mln
Reduction (%)
80.47%
New Capital
SAR 76.52 mln
New Number of Shares
7.65 mln
Method
Canceling 31.52 million ordinary shares, at one share for every 1.24 outstanding shares.
Reason
To restructure the company’s capital by offsetting accumulated losses
Date
By the end of the second trading day following the EGM that will decide on the capital cut
The company added in a statement to Tadawul that the capital reduction will have no impact on its financial obligations, operations, or financial, operational, or regulatory performance.
In a separate statement, the Saudi Exchange (Tadawul) announced that the share price fluctuation limits will be calculated based on a price of SAR 43.52, and all outstanding orders will be canceled.
The company’s shares will be suspended from trading for two business days, effective Monday, Sept. 28, 2026, in accordance with the Listing Rules. Edaa will apply the company’s
share reduction to shareholders’ investment portfolios, and trading in the company’s shares will resume at the end of trading on Tuesday, Sept. 29, 2026.
Logo ofTabuk Agricultural Development Co. (TADCO)
Tabuk Agricultural Development Co.’s (TADCO) extraordinary general meeting (EGM) of approved yesterday, Sept. 27, the board’s recommendation to reduce the company’s capital by 80.47%.
The capital cut will be implemented through writing off 31.52 million ordinary shares, at a rate of one share for every 1.24 shares held.
Capital Cut Details
Current Capital
SAR 391.77 mln
Current Number of Shares
39.18 mln
Reduction (%)
80.47%
New Capital
SAR 76.52 mln
New Number of Shares
7.65 mln
Method
Canceling 31.52 million ordinary shares, at one share for every 1.24 outstanding shares.
Reason
To restructure the company’s capital by offsetting accumulated losses
Date
By the end of the second trading day following the EGM that will decide on the capital cut
The company added in a statement to Tadawul that the capital reduction will have no impact on its financial obligations, operations, or financial, operational, or regulatory performance.
In a separate statement, the Saudi Exchange (Tadawul) announced that the share price fluctuation limits will be calculated based on a price of SAR 43.52, and all outstanding orders will be canceled.
The company’s shares will be suspended from trading for two business days, effective Monday, Sept. 28, 2026, in accordance with the Listing Rules. Edaa will apply the company’s
share reduction to shareholders’ investment portfolios, and trading in the company’s shares will resume at the end of trading on Tuesday, Sept. 29, 2026.
