“Tabuk” shares rises 2.30% today in “Tadawul”

The share of Tabuk Agricultural Development Company, which is running and trading in the Saudi market, “Tadawul”, increased by 2.30%, during trading today, Monday, to trade at 11.58 riyals per share.

The trading on the share of Tabuk Agricultural Development Company, at that time, through 61.49 thousand shares, came with a value of trading 703.93 thousand riyals.

The highest price for the share at that time was at 11.58 riyals, while the price of the share was at 11.30 riyals.

Tabuk Agricultural Development Arrow witnessed a remarkable increase, after the company announced the latest developments in the non -binding understanding note, signed with Tobyan Ltd. (NEOM), which aims to cooperate in planning, developing and building a project for protected houses for the production of vegetables and fruits.

“Tabuk” said in a statement that on April 13, 2025, the two sides agreed to extend the memorandum of understanding for an additional 6 months, as of April 17.

This extension comes with the aim of completing the work of feasibility studies and the required technical reports, which include evaluating the environmental and social impact, in addition to assessing the basic infrastructure of the project.

The company also confirmed that there is no direct financial impact at the present time as a result of these developments, noting that any possible financial impact will be announced at the time.