TADCO sells Horizon Food shares for SAR 10.5M, books SAR 1.1M loss
What's the deal? Tabuk Agricultural Development Company (TADCO)Dealroom has a profile for this one. Try Dealroom → has sold part of its stake in Horizon Food CompanyDealroom has a profile for this one. Try Dealroom → through two transactions worth a combined SAR 10.50 million. The Saudi Main Market-listed firm expects to record a loss of SAR 1.11 million on the deals.
The details: In the first transaction, TADCO sold 157,100 shares at SAR 35 each, raising SAR 5.49 million. The second saw 142,900 shares sold at the same price, generating SAR 5 million. The figures are reported before transaction expenses.
Why now? TADCO said the divestment is intended to boost cash liquidity and support its agricultural and operational strategic plans, according to a bourse filing.
Why the loss? The SAR 1.11 million loss reflects the gap between the sale price and the investment's book value of SAR 38.718 per share, as stated in the 2025 annual financial statements. The financial impact will appear in results for the period ending September 30, 2026.
The signal: The move signals a bias toward liquidity over holding value, with TADCO accepting a modest loss to free up cash for its core agricultural operations. It said it will disclose any further material sales.
Read more: Mubasher
Image credit: Richard Allaway
