{"id":1856,"date":"2026-09-28T09:56:28","date_gmt":"2026-09-28T06:56:28","guid":{"rendered":"https:\/\/www.tadco-agri.com\/?p=1856"},"modified":"2026-09-28T09:56:28","modified_gmt":"2026-09-28T06:56:28","slug":"%d8%a5%d8%b9%d9%84%d8%a7%d9%86-%d8%b4%d8%b1%d9%83%d8%a9-%d8%aa%d8%a8%d9%88%d9%83-%d9%84%d9%84%d8%aa%d9%86%d9%85%d9%8a%d8%a9-%d8%a7%d9%84%d8%b2%d8%b1%d8%a7%d8%b9%d9%8a%d8%a9-%d8%b9%d9%86-%d9%86%d8%aa","status":"publish","type":"post","link":"https:\/\/www.tadco-agri.com\/en\/2026\/09\/28\/%d8%a5%d8%b9%d9%84%d8%a7%d9%86-%d8%b4%d8%b1%d9%83%d8%a9-%d8%aa%d8%a8%d9%88%d9%83-%d9%84%d9%84%d8%aa%d9%86%d9%85%d9%8a%d8%a9-%d8%a7%d9%84%d8%b2%d8%b1%d8%a7%d8%b9%d9%8a%d8%a9-%d8%b9%d9%86-%d9%86%d8%aa\/","title":{"rendered":"Tabuk Agricultural Development Co. Announces the Results of the Extra Ordinary General Assembly\u2019s Meeting Approving Decrease ( Third Meeting )"},"content":{"rendered":"\n\n\n\n\n\n\n\n\n\n\n\n\n
Element List<\/th>\nExplanation<\/th>\n<\/tr>\n<\/thead>\n
Introduction<\/td>\nTabuk Agricultural Development Company announces the results of the Extraordinary General Assembly Meeting, including the capital reduction (Third Meeting), which was held at 6:30 PM on Sunday, 27 September 2026 (corresponding to 16 Rabii AlAlkher 1448H), physically and through modern means of communication via Tadawulati platform. <\/p>\n

 <\/p>\n

The meeting attendance represented 19.50% of the Company\u2019s share capital in accordance with the Company\u2019s Articles of Association. It is noted that the legal quorum required for this meeting, as per the Articles, is the attendance of the shareholders present, regardless of the percentage represented.<\/td>\n<\/tr>\n

City and Location of the Extraordinary General Assembly's Meeting<\/td>\nIn presence at the guest house at the company's project in Tabuk City - Halat Ammar Road, <\/p>\n

Also, via modern technology.<\/td>\n<\/tr>\n

Date of the Extraordinary General Assembly's Meeting<\/td>\n2026-09-27 Corresponding to 1448-04-16<\/td>\n<\/tr>\n
Time of the Extraordinary General Assembly's Meeting<\/td>\n18:30<\/td>\n<\/tr>\n
Percentage of Attending Shareholders<\/td>\n19.50%<\/td>\n<\/tr>\n
Assembly's Meeting and Names of the Absentees<\/td>\nThe following members of the Board of Directors attended the meeting: <\/p>\n

1. Eng. Nasser Dhaifallah Naqa Al-Rahili \u2013 Chairman of the Board.<\/p>\n

2. Eng. Matar Ali Ahmed Al-Zahrani \u2013 Vice Chairman of the Board.<\/p>\n

3. Mr. Abdullah Hamoud Al-Salhi \u2013 Board Member.<\/p>\n

4. Mr. Badr Abdullah Saleh Al-Hanaki \u2013 Board Member.<\/p>\n

5. Eng. Waleed Mohammed Saleh Ali \u2013 Board Member.<\/p>\n

6. Eng. Abdullah Yousef Abdullah Al-Yousef \u2013 Board Member.<\/p>\n

7. Ms. Wasmiah Wasmi Alkulaib \u2013 Board Member.<\/td>\n<\/tr>\n

Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Names of Those Attending on their Behalf<\/td>\n1. Eng. Nasser Dhaifallah Naqa Al-Rahili: <\/p>\n

\u2022 Chairman of the Executive Committee.<\/p>\n

\u2022 Chairman of the Strategy and Investment Committee.<\/p>\n

2. Mr. Badr Abdullah Saleh Al-Hanaki:<\/p>\n

\u2022 Chairman of the Audit Committee.<\/p>\n

3. Eng. Waleed Mohammed Saleh Ali:<\/p>\n

\u2022 Chairman of the Nominations and Remuneration Committee.<\/td>\n<\/tr>\n

Voting Results on the Items of the General Assembly's Meeting Agenda's (Including a detailed breakdown for each resolution, of the percentage of votes cast in approval, non-approval, and abstentions)<\/td>\nApproval of the Board of Directors\u2019 recommendation to reduce the Company\u2019s capital as follows: <\/p>\n

\u2022 Share capital before reduction: SAR 391,767,000<\/p>\n

\u2022 Share capital after reduction: SAR 76,524,600<\/p>\n

\u2022 Capital reduction percentage: 80.47%<\/p>\n

\u2022 Number of shares before reduction: 39,176,700 shares<\/p>\n

\u2022 Number of shares after reduction: 7,652,460 shares<\/p>\n

\u2022 Reason for the capital reduction: To restructure the company\u2019s capital in order to offset accumulated losses.<\/p>\n

\u2022 Method of capital reduction: By cancelling 31,524,240 shares of the company\u2019s shares; one (1) share will be cancelled for every 1.24 shares owned.<\/p>\n

\u2022 Effective date of the reduction: The capital reduction resolution would be effective for the Company\u2019s shareholders who own shares on the date of the Extraordinary General Assembly Meeting and are registered in the Company\u2019s shareholders register with the Securities Depository Center Company (Edaa) at the end of the second trading day following the date of the Extraordinary General Assembly Meeting at which the capital reduction is resolved.<\/p>\n

\u2022 Impact of the capital reduction on the company\u2019s obligations: The capital reduction will have no impact on the company\u2019s financial obligations, operations, financial performance, or regulatory status.<\/p>\n

\u2022 Amendment of Article (7) of the Company\u2019s Bylaws relating to the capital.<\/p>\n

\u2022 Amendment of Article (8) of the Company\u2019s Bylaws relating to subscription to the capital.<\/p>\n

 <\/p>\n

The voting percentages on the item were as follows:<\/p>\n

\u2022 Votes in favor: 87.90%<\/p>\n

\u2022 Votes against: 11.65%<\/p>\n

\u2022 Abstentions: 0.45%<\/td>\n<\/tr>\n

Additional Information<\/td>\nIn accordance with Article (29) of the Company\u2019s Articles of Association: \u201cThe third meeting shall be valid regardless of the number of shares represented<\/td>\n<\/tr>\n<\/tbody>\n<\/table>","protected":false},"excerpt":{"rendered":"

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