Thimar Development Suspends Board Directors' Bonuses and Allowances

THIMAR

THIMAR

4160.SA

0.00

On May 20, 2026, Thimar Development Holding Company announced that its Board of Directors has decided to suspend the calculation of bonuses and attendance allowances for all board members and subcommittee members. The suspension is effective from May 14, 2026, the beginning of the current board term, and will continue until the company's financial conditions improve. This initiative aims to support the company during its current financial difficulties by rationalizing expenses and strengthening its financial position through the voluntary waiver of director compensation.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=95529&anCat=1&cs=4160&locale=ar

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.

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