Tabuk Agricultural Development Co. Announces the latest developments about the signing of a (non-binding) memorandum of understanding with TOPIAN Limited Company, (NEOM’s Food Company) for cooperating to plan, develop, construct and operate hydroponic greenhouse for the production of fruits and vegetables.
| Element List | Explanation |
|---|---|
| Introduction | With referring to the Memorandum of Understanding (MoU) signed on 08/10/1445H corresponding to 17/04/2024G between Tabuk Agricultural Development Company and Tobian Limited Company (NEOM Food Company), and to the company’s announcement dated 14/04/2025G corresponding to 16/10/1446H regarding the extension of the MoU for an additional six months starting from 17/04/2025G.
Tabuk Agricultural Development Company announces the expiration of the Memorandum of Understanding (MoU) signed with Tobian Limited Company and confirms that it will not be extended. |
| Previous Announcement | Tabuk Agricultural Development Co. Announces the latest developments about the signing of a (non-binding) memorandum of understanding with TOPIAN Limited Company, (NEOM’s Food Company) for cooperating to plan, develop, construct and operate hydroponic greenhouse for the production of fruits and vegetables. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-04-14 Corresponding to 1446-10-16 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Tabuk Agricultural Development Company announces the expiration of the Memorandum of Understanding (MoU) signed with Tobian Limited Company (one of NEOM Food’s subsidiaries) on October 17, 2025G (corresponding to 25/04/1447H) and confirms that it will not be extended. |
| Reasons For The Delay on The Date of The Event Previously Announced | Not Applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | No financial impact. |
| Delay consequences on the Company’s financial results | Not Applicable |
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