On July 8, 2026, Thimar Development Holding Company announced that its Board of Directors, at a meeting held on July 7, 2026, issued a resolution recommending to the Extraordinary General Assembly an increase in the Company's share capital by SAR 130,000,000 through a rights issue. The proposed capital increase aims to support the Company's Financial Restructuring Plan, enhance cash liquidity, ensure business continuity and fulfillment of obligations, and enable the pursuit of investment opportunities expected to generate attractive returns. The recommendation remains subject to approval by the relevant regulatory authorities and shareholders at the Extraordinary General Assembly, with the appointment of a financial advisor and submission of the capital increase application to the Capital Market Authority to be announced in due course.

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.