Riyadh – Mubasher: The Capital Market Authority (CMA) of Saudi Arabia has issued its approval for Tabuk Agricultural Development Company (TADCO) to proceed with a significant reduction of its share capital.
Under the approved plan, the company’s capital will decrease by around 80% from SAR 391.76 million to SAR 76.52 million, according to an official statement.
The restructuring will result in the total number of outstanding shares being reduced from 39.17 million shares to 7.65 million shares.
The regulatory approval, meanwhile, remains conditional upon the company obtaining further consent from its shareholders during an upcoming extraordinary general assembly meeting, as well as the completion of all necessary legal procedures and regulatory requirements.
TADCO is expected to publish a detailed report outlining the proposed method for the capital reduction and its anticipated impact. This disclosure will be made available to investors ahead of the general assembly to facilitate informed voting.
The CMA noted that its approval confirms compliance with the Capital Market Law and its executive regulations but does not constitute an endorsement of the commercial feasibility of the capital restructuring.
In June 2026, the listed entity TADCO submitted its application file to the CMA following a series of board recommendations aimed at restructuring the company’s financial position.
