CMA nods to TADCO’s 80.5% planned capital cut

Logo of Tabuk Agricultural Development Co.’s (TADCO)

The Capital Market Authority (CMA) announced its approval of Tabuk Agricultural Development Co.’s (TADCO) planned capital reduction from SAR 391.77 million to SAR 76.52 million.

Consequently, the number of shares will be cut from 39.18 million to 7.65 million.

The approval is conditional on the extraordinary general meeting's (EGM) nod and completion of the necessary regulatory procedures.

Tabuk Agricultural will publish a disclosure document to its shareholders related to the proposed method of capital reduction and the expected effects within sufficient time prior to the EGM to enable shareholders to vote on the capital decrease.

The CMA said its approval of the capital reduction should never be viewed as an endorsement of the feasibility of the capital decrease, as it merely means that the regulatory requirements under the Capital Market Law and its executive regulations have been met.

According to Argaam data, Tabuk Agricultural’s board recommended in May 2026 increasing the proposed capital reduction ratio to 80.47% from 77.41%.