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  • 19-03-20

    Shareholders of Tabuk Agricultural Development Co. approve capital cut of 46.3 percent

    (MENAFN) Tabuk Agricultural Development Co. (TADCO) said in a statement that, on March 18, shareholders of TADCO approved a 46.3 percent capital decline from SAR 450 million to SAR 241.77 million.


    The decline plans to balance TADCO's SAR 208.23 million accumulated losses; as said in a statement by the Saudi Stock Exchange (Tadawul), the fluctuation daily limit for TADCO will be according to a share worth of SAR 14.90.


    TADCO will also be suspended for 2 business days as of today, March 19 until the Securities Depository Center Co. (Edaa) returns shares decline on investors' portfolios.


    At the end of Sunday, March 22, trading suspension on Tabuk Agricultural Development Co. shares will be removed.

    MENAFN1903202000450000ID1099879976

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