Thimar to Sell Al-Kharj Road Land for Financial Restructuring

THIMAR -2.47%

THIMAR

4160.SA

34.70

-2.47%

Thimar Development Holding Company announced on February 4, 2026, that it will hold its Ordinary General Assembly Meeting (First Meeting) on February 25, 2026, at 8:30 PM at the company's headquarters in Riyadh, with both in-person and virtual attendance options via the Tadawulaty system. Shareholders will vote on the Board's resolution to sell a land plot on Al-Kharj Road measuring 58,793.85 square meters to settle obligations, implement financial restructuring, and strengthen the company's financial position. Electronic voting will be available from February 21, 2026, until the meeting concludes, with registration eligibility ending at the meeting's commencement.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=92983&anCat=1&cs=4160&locale=ar

Attached PDF document link:

https://www.saudiexchange.sa/Resources/fsPdf/21393_451_2026-02-04_15-31-56_en.pdf

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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