TADCO shareholders to vote on capital reduction on Nov. 12

21/10/2025 Argaam
Logo ofTabuk Agricultural Development Co. (TADCO)

Logo of Tabuk Agricultural Development Co. (TADCO)

Shareholders of Tabuk Agricultural Development Co. (TADCO) will discuss reducing the company’s capital by 52.94% from SAR 391.77 million to SAR 184.36 million during the extraordinary general meeting (EGM) scheduled for Nov. 12.
 

The planned reduction aims to offset accumulated losses, TADCO said in a statement to Tadawul today, Oct. 22.

 

Capital Cut Highlights

Current Capital

SAR 391.77 mln

Number of Shares

39.18 mln

New Capital

SAR 184.36 mln

New Number of Shares

18.44 mln

Reduction (%)

52.94%

Method

Writing off 20.74 mln shares (1-for-1.89)

Reason

To restructure the company's capital and offset accumulated losses

Date of Reduction

If approved, the decision will apply to shareholders registered with Edaa by the close of the second trading day after the EGM date

 

TADCO ruled out any impact on its obligations, as well as its financial, operating or organization performance.

 

Additionally, shareholders will vote on revoking the OGM decision dated Sept. 25, 2024, about approving the board’s recommendation on exiting its 60% stake in Masader Agricultural Feed Mill Ltd.

 

TADCO will sell its entire stake in Masader to Ahmed Hussein Al-Omari for SAR 7 million, including the factory owned by Ahmed Hussein Al-Omari Foundation, in which TADCO also has a 60% stake.

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