Tabuk Agricultural Sells Horizon Food Shares Worth SAR 11M

TADCO +0.61%

TADCO

6040.SA

6.60

+0.61%

On March 15, 2026, Tabuk Agricultural Development Company announced the completion of a partial sale of its investment in Horizon Food Co., disposing of 314,250 shares for a total value of SAR 10,979,639 after administrative expenses. The sale was part of a board-approved plan to sell up to 1,000,000 shares at a minimum price of SAR 35 per share, executed through multiple independent purchase offers. The transaction supports regulatory requirements for Horizon Food Co.'s transfer from the Nomu Parallel Market to the Saudi Main Capital Market, while enhancing Tabuk's liquidity position and financial flexibility for future operations. The company retains 685,750 shares available for potential future sale, with the financial impact to be reflected in interim statements for the period ending March 31, 2026.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=93712&anCat=1&cs=6040&locale=ar

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.

Every question you ask will be answered
Scan the QR code to contact us
whatsapp
Also you can contact us via