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Tabuk Agricultural Offloads 300,000 Afaaq Food Shares
Tobok Agricultural Development Company announced the sale of 300,000 shares of its stake in Afaq Food Company, totaling 10.5 million SAR, aimed at providing liquidity to support its operations and future agricultural plans. The sale was conducted through two transactions, each at a share price of 35 SAR, with an expected capital loss of approximately 1.12 million SAR resulting from the difference between the sale price and the book value per share. The financial impact will be reflected in the financial statements for the quarter ending September 30, 2026. This decision is part of the company's efforts to enhance liquidity and direct resources to support its core activities.
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