Company Profile

Company overview

Tabuk Agricultural Development Company is active in the production, manufacturing and marketing of the agricultural products. Historically, it is a major producer of wheat produced in accordance to the specifications defined by the General Organization for Grain Silos and Flour Mills; and producer of wheat seeds and a founding member of the Saudi committee for seeds producers. The company is one of the largest producers of stone fruits, pears and grapes in the Kingdom. The company is one of the largest producers of processing potato, onions in its different varieties red, yellow, and white. The company is reputable for its high-quality Fodder which meets the needs of specialized dairy farms, as well as traditional livestock growers. The company also produces natural honey from clover fields and fruit trees which in conformity with the standard specifications of SASO and holder SASO quality label. The company is also a producer of extra virgin oil where it is known to be the first owner of an olive mill established in Saudi Arabia as early as 1983. Last but not least Tabuk Agricultural specialized in the production of seedlings of fruit and ornamental and landscaping services.

Company History

Tabuk Agricultural is a Saudi Joint Stock company established in 1983 with a paid up capital of SR 200 million 92% of which is private and 8% owned by government entities ( raised to SR.450 million in Jan.2015), and has fixed assets amounting to more than 232 million. The company is participating in different Saudi companies like Jannat Agricultural Co. with 27.8% share, Saudi agriculture group CO.(SAG) with 33.33% share, East Asia for Investment &Development with 28.57% share and Gulf Technology for renewable energy 50% share. Tabuk Agricultural owns one of the biggest Fruit Trees Orchards and Vineyards in the Middle East with number of trees amounting to one million trees planted in 1,151 hectares area. Tabuk Agricultural has 200 pivots and 125 wells used for the production of field crops like Wheat, Barley, Alfalfa, Corn and Root crops. The company is doing its best to utilize the available resources in consideration to the government polices aiming at preserving the underground water reserves.

Company Bylaws

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Equity Profile

Investment limits

There are no investment limits on the company's shares as per the amended Rules for Qualified Foreign Financial Institutions Investment in Listed Securities and Instructions for the Foreign Strategic Investors Ownership in Listed Companies based on company's bylaw and the issued instructions by the related regulators and supervisory authorities.