On May 18, 2026, Thimar Development Holding Company announced that the Appeals Committee for Securities Disputes issued Decision No. 4253/L.S/2026, dismissing the company's liability lawsuit against former board members who served from March 6, 2017 to July 4, 2021. The Appeals Committee revoked the previous Securities Disputes Resolution Committee decision and dismissed the case due to its incompleteness, specifically the failure to specify individual claims against each defendant and identify specific errors committed by each party. The decision affirmed that the company retains the right to file separate lawsuits against the defendants for compensation claims, provided proper legal requirements are met.

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.