Thimar Development Holding Co. (4160)

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News

15 July 04:43 PM Thimar appoints financial advisor for SAR 130m capital hike

Riyadh – Mubasher: Thimar Development Holding Company has assigned Wasatah Capital as the financial advisor to manage its upcoming rights issue subscription. The appointment, effective 14 July 2026, follows a previous board recommendation …

Corporate Actions

8 July 10:50 AM Thimar eyes SAR 130m capital hike

Riyadh – Mubasher: Thimar Development Holding Company announced that its board of directors recommended, on 7 July 2026, a capital increase of SAR 130 million through a rights issue. The proposal is subject to the approval of relevant regulatory …

Corporate Actions

7 July 08:48 AM Thimar shareholders approve legal action against former management

Riyadh – Mubasher: Thimar Development Holding Company announced that its ordinary general meeting (OGM), held on 6 July 2026, approved measures to initiate legal proceedings against former leadership. The meeting, conducted at the company’s …

Company News

24 June 04:27 PM Thimar to sell entire stake in Osool and Bakheet for SAR 6.6m

Riyadh – Mubasher: Thimar Development Holding Company has announced the signing of a binding agreement to sell its entire investment in the Business Square Four Directions Osool and Bakheet Development Fund. The transaction, valued at SAR 6.60 …

Companies Investments

25 May 11:06 AM Thimar forms new committee to run until 2030

Riyadh – Mubasher: Thimar Development Holding Company has announced the formation of its Audit Committee for the upcoming board of directors’ cycle, which commenced on 14 May 2026, according to a bourse filing. The committee comprises two …

Management Decisions

20 May 07:37 PM Thimar halts bonus, allowances for board members

Riyadh – Mubasher: Thimar Development Holding Company announced the board of directors' decision to suspend the calculation of bonuses and attendance allowances for members of the board and its subcommittees, according to a bourse disclosure. The …

Corporate Actions

18 May 11:06 AM Thimar announces update on lawsuit against former board members

Riyadh – Mubasher: Thimar Development Holding Company has unveiled a significant legal development regarding its liability lawsuit filed against several former members of its board of directors. The Appeal Committee for the Resolution of …

Law

17 May 01:16 PM Thimar unveils new board leadership for 4-year term

Riyadh – Mubasher: Thimar Development Holding Company has appointed Sulaiman bin Naser Al Hatlan as the board’s Chairman for four years, according to a bourse filing. Mohammad bin Saleiman Aleisa was named as the Vice Chairman following the …

Company News

6 January 2025 04:27 PM Thimar pens joint deal to create SAR 100m fund

Riyadh – Mubasher: Thimar Development Holding Company signed a deal with Jiyad Al Ezz Company Limited and Rasanah Financial Company to establish an investment fund. The fund’s capital will stand at SAR 100 million, which will be offered in …

Companies Investments

11 June 2024 10:21 AM Thimar enters into real estate investment

Riyadh – Mubasher: Thimar Development Holding Company plans to invest SAR 6 million in a real estate fund licensed by the Capital Market Authority (CMA) to develop a residential tower in Riyadh. Located in Olaya District, the project is expected …

Companies Investments

28 April 2024 05:35 PM Thimar obtains regulatory nod for 74% capital reduction

Riyadh – Mubasher: Thimar Development Holding Company received on 25 April 2024 the Capital Market Authority’s (CMA) approval for a 74% capital cut. Thimar will shrink its capital by SAR 185 million from SAR 250 million to SAR 65 million, …

Corporate Actions

18 April 2024 10:30 AM Thimar creates new subsidiary to expand business

Riyadh – Mubasher: Thimar Development Holding Company has established a new company called Thimar Towers Development and Real Estate Investment Company The newly created firm, a limited liability company of one person, is headquartered in Riyadh, …

Companies Investments

7 November 2023 08:04 PM Thimar turns to SAR 2.5m losses in 9M-23, unveils accumulated losses

Riyadh – Mubasher: Thimar Development Holding Company reported net losses after Zakat and tax of SAR 2.49 million in the first nine months (9M) of 2023, versus a net profit of SAR 76,276 in the same period of 2022. The listed entity recorded a …

Financial Results

23 October 2023 05:54 PM Thimar increases capital by SAR 150m, unveils new shares subscription dates

Riyadh - Mubasher: The extraordinary general meeting (EGM) of Thimar Development Holding Company recently approved raising the capital by SAR 150 million through a rights issue after receiving approval from the Capital Market Authority (CMA) in …

General Assembly

18 September 2023 00:51 PM Thimar’s shareholders to discuss capital increase early October

Riyadh – Mubasher: Thimar Development Holding Company plans to convene an extraordinary general meeting (EGM) on 8 October 2023 to consider raising the capital by issuing 15 million priority shares. The company targets a 150% capital increase from …

Management Decisions

12 September 2023 11:19 AM CMA nods to Thimar, Al Omran’s capital hike

Riyadh – Mubasher: The Capital Market Authority (CMA) approved the requests of Thimar Development Holding Company and Al Omran Industrial Trading Company to increase their capital through rights issues. Thimar will increase its capital by SAR 150 …

Corporate Actions

20 August 2023 07:48 PM Thimar announces negative H1-23 financial results, accumulated losses

Riyadh – Mubasher: Thimar Development Holding Company recorded net losses after Zakat and tax worth SAR 1.56 million in the first half (H1) of 2023, against net profits of SAR 33.09 million in H1-22. Operating losses hiked by 6.13% year-on-year …

Financial Results

18 September 2022 10:06 AM Thimar’s board amends capital raise proposal to SAR 200m

Riyadh – Mubasher: Thimar Development Holding Company’s board of directors has amended its proposal to raise the company’s capital by offering rights shares worth SAR 200 million instead of SAR 150 million. Hence, the company’s new capital will …

Companies Investments

21 July 2022 03:22 PM Thimar logs 55% accumulated losses

Riyadh – Mubasher: Thimar Development Holding Company has incurred accumulated losses worth SAR 54.81 million as on 31 December 2019, accounting for 54.82% of the SAR 100 million capital. The company pointed out that the accumulated losses were …

Financial Results

29 November 2021 01:30 PM Thimar reveals new company name

Riyadh – Mubasher: The shareholders of the National Agricultural Marketing Company (Thimar) gave the green light to change the company name during the extraordinary general meeting (EGM) on 12 October. The new company name will be Thimar …

General Assembly

20 October 2021 00:05 PM Thimar inks framework deal with Al Khair Capital

Riyadh – Mubasher: National Agricultural Marketing Company (Thimar) has signed a framework agreement with Al Khair Financial Company (Al Khair Capital) on 19 October. The agreement aims to provide advisory services that contribute to achieving …

Corporate Actions

19 October 2021 10:23 AM Thimar announces resignation of CEO

Riyadh – Mubasher: The National Agricultural Marketing Company (Thimar) has accepted the resignation of its CEO, Sari bin Ibrahim Al Mayouf, on 18 October. Al Mayouf has submitted the resignation letter on 15 October, on which it will take effect, …

Corporate Actions

11 July 2021 01:02 PM Thimar appoints Chairman, Vice Chairman

Riyadh – Mubasher: National Agricultural Marketing Company (Thimar) has appointed Abdullah bin Odeh Al Anzi as the Chairman of the board for the term starting 4 July 2021. The company appointed Khalid bin Assad Khashoggi as the Vice Chairman of …

Board of Directors

3 September 2020 09:31 AM Tadawul allows Thimar to trade shares OTC

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has allowed National Agricultural Marketing Company (Thimar) to trade its shares over-the-counter (OTC) starting as of Sunday, 6 September 2020. The decision was approved by the company’s board …

Board of Directors

10 May 2020 09:55 AM NADEC turns profitable in Q1-20

Riyadh – Mubasher: National Agricultural Development Company (NADEC) reported SAR 18.19 million in net profit for the first quarter (Q1) of the year, against losses of SAR 3.67 million for the corresponding period of 2019. The company’s revenue …

Financial Results