Thimar Development Calls Shareholder Meeting for Liability Lawsuits

THIMAR

THIMAR

4160.SA

0.00

On June 15, 2026, Thimar Development Holding Company announced an Ordinary General Assembly Meeting scheduled for July 6, 2026, at 6:30 PM at the company's headquarters in Riyadh and via the Tadawulaty platform. The meeting agenda focuses on authorizing the Board of Directors to file liability lawsuits against former board members and executive management for violations committed during two periods: March 6, 2017 to July 3, 2021, and January 22, 2014 to May 13, 2026. The purpose is to pursue legal action for any violations of the Companies Law, Capital Market Law, and other applicable regulations to protect the company and shareholders' rights. Electronic voting will be available starting July 2, 2026, at 1:00 AM through the Tadawulaty website until the meeting concludes.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96106&anCat=1&cs=4160&locale=ar

Attached PDF document link:

https://www.saudiexchange.sa/Resources/fsPdf/21393_451_2026-06-15_15-19-47_en.pdf

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.

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