TADCO appoints Wasatah Capital as financial advisor for capital cut

23/04/2025 Argaam

TADCO appoints Wasatah Capital as financial advisor for capital cut

Logo of Tabuk Agricultural Development Co. (TADCO)

Tabuk Agricultural Development Co.’s (TADCO) board of directors decided, on April 22, to appoint Wasatah Capital as financial advisor for the company’s capital reduction process.

 

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In a statement to Tadawul, the company said the decision is effective today, April 23, and further material developments will be announced.

 

According to data available with Argaam, TADCO’s board recently recommended reducing the company's capital by 52.94% from SAR 391.77 million to SAR 184.36 million to offset accumulated losses.

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