On August 5, 2026, Theeb Rent a Car Company announced that its Board of Directors approved the establishment of a limited liability subsidiary in the Kingdom of Bahrain, aimed at expanding the company's regional presence and enhancing its business scope outside Saudi Arabia. The subsidiary will be 99% owned by Theeb Rent a Car Company and 1% by Mr. Naif Mohammed Al-Theeb, the Company's Chief Executive Officer and Board Member, in compliance with Bahraini regulatory requirements. The subsidiary will conduct car rental operations in Bahrain as part of the company's broader regional growth strategy, with necessary regulatory procedures to be completed with relevant authorities in both Saudi Arabia and Bahrain.

Original announcement:

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.