Logo ofTabuk Agricultural Development Co. (TADCO)
Tabuk Agricultural Development Co. (TADCO) sold 200,000 shares of its investment in Horizon Food Co. at SAR 35 per share, with a total value of SAR 7 million. 
In addition, the company sold 86,250 shares with a total value of SAR 3.02 million.
These transactions were executed through two separate deals, before deducting expenses related to execution.
These transactions come as a continuation of what was previously announced regarding the sale of part of its investment in Horizon Food, according to the company statement.
They are part of the company’s plan to sell up to 1 million shares of its investment in the company, aimed at enhancing cash liquidity and supporting its operational and agricultural plans.
It added that, upon completion of these transactions, the company has fully sold the approved quantity of 1 million shares.
The company expects these transactions to result in a loss of SAR 1.06 million, due to the difference between the selling price and the book value of SAR 38.718 per share, according to the latest annual financial statements for the year ended Dec. 31, 2025.
It added that the financial impact of these operations will be reflected in the interim financial statements for the period ending June 30, 2026.
Logo ofTabuk Agricultural Development Co. (TADCO)
Tabuk Agricultural Development Co. (TADCO) sold 200,000 shares of its investment in Horizon Food Co. at SAR 35 per share, with a total value of SAR 7 million.
In addition, the company sold 86,250 shares with a total value of SAR 3.02 million.
These transactions were executed through two separate deals, before deducting expenses related to execution.
These transactions come as a continuation of what was previously announced regarding the sale of part of its investment in Horizon Food, according to the company statement.
They are part of the company’s plan to sell up to 1 million shares of its investment in the company, aimed at enhancing cash liquidity and supporting its operational and agricultural plans.
It added that, upon completion of these transactions, the company has fully sold the approved quantity of 1 million shares.
The company expects these transactions to result in a loss of SAR 1.06 million, due to the difference between the selling price and the book value of SAR 38.718 per share, according to the latest annual financial statements for the year ended Dec. 31, 2025.
It added that the financial impact of these operations will be reflected in the interim financial statements for the period ending June 30, 2026.
