Thimar Development Holding Co. announced on July 7, 2026 the results of its Ordinary General Assembly Meeting (First Meeting), held on July 6, 2026 at 6:30 PM at the company's headquarters in Riyadh, both in person and via the Tadawulaty system, with shareholder attendance representing 28.18% of capital. The assembly approved two key resolutions authorizing the Board of Directors to file or re-file lawsuits and liability claims against former board members and former executive management for alleged violations during their tenure — covering the period from March 6, 2017 to July 3, 2021 under the first resolution, and from January 22, 2014 to May 13, 2026 under the second — encompassing potential breaches of the Companies Law, the Capital Market Law, and other applicable regulations. Both measures aim to protect the rights of the company and its shareholders.

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.