Thimar Hires Wasatah Capital for SAR130M Rights Issue

THIMAR

THIMAR

4160.SA

0.00

On July 15, 2026, Thimar Development Holding Co. announced the appointment of Al Wasatah Al Maliah Company (Wasatah Capital) as the financial advisor to manage the subscription to its planned rights issue, effective July 14, 2026. This follows the Board of Directors' earlier recommendation, announced on July 8, 2026, to seek Extraordinary General Assembly approval for a capital increase of SAR 130 million through a rights issue. The company has indicated it will issue a further announcement upon submitting the capital increase application to the Capital Market Authority for approval.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96805&anCat=1&cs=4160&locale=ar

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.

This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.