TADCO submits 53% capital reduction request to Saudi's CMA
Riyadh - Tabuk Agricultural Development Company (TADCO) has submitted an application to the Capital Market Authority (CMA) for approval to reduce its capital by 52.94%.
The request, submitted on 23 June 2025, follows the board's recommendation announced on 2 April 2025, according to a bourse filing.
Following the transaction, TADCO's capital will decline to SAR 184.35 million from SAR 391.76 million.
Accordingly, the number of shares will be reduced to 18.43 million from 39.17 million.
The capital reduction remains subject to regulatory approvals, including the CMA's review and the approval of the company's extraordinary general assembly.
TADCO recently signed an agreement with the National Electricity Transmission Company, a subsidiary of the Saudi Electricity Company, to establish a power transmission station for its farm in the Tabuk region.
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Informa plc. has a network of trusted brands in specialist markets across more than 30 countries with 11,000+ colleagues. Informa Connect is a live events and digital platform specialist connecting individuals and professionals with knowledge, ideas and opportunities. Our purpose is to champion the specialist. Through hundreds of powerful brands, we work with businesses and professionals in specialist markets, providing the connections, intelligence and opportunities that help customers grow, do business, make breakthroughs and take better informed decisions. Operating major branded events in Finance, Biotech & Pharma and in a number of other specialist markets and connect communities online year-round.
