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Tabuk Agricultural Shareholders approve 80.47% capital reduction
Tabuk Agricultural Company has approved a reduction of its capital by 80.47%, from 391.767 million riyals to 76.52 million riyals. This is to cancel accumulated losses and improve its financial position. The number of shares will be reduced from 39,176,700 shares to 7,652,460 shares by canceling 31.52 million shares, at a ratio of one share for every 1.24 shares owned by shareholders. This measure is part of the company's restructuring and transparency efforts, without affecting its operational activities or financial obligations. It will become effective after the shareholders' registration on the day of the general assembly meeting.
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