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Tabuk Agriculture transfers 300,000 Afaaq Food shares
Tadawul Agricultural Development Company announced the sale of 300,000 shares of its stake in Afaaq Food Company for a total of 10.5 million SAR, aimed at providing liquidity to support its operations and agricultural plans. The sale was executed through two transactions at a price of 35 SAR per share, with an expected capital loss of approximately 1.12 million SAR due to the difference between the selling price and the book value per share. The financial impacts of these transactions will be reflected in the financial statements for the period ending September 30, 2026, as part of the company's efforts to direct its financial resources toward its core activities.
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