Thimar Development Holding Company announces the developments in the company's capital increase file by offering priority rights shares to the Capital Market Authority
| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement of thimar Development Holding Company (the"Company") dated 27-08-2024 on the Tadawul Saudi website, which includes the company's submission of a file to the Capital Market Authority requesting approval to increase the company's capital by offering initial rights shares.
The company announces to its valued shareholders the issuance of the decision of the Capital Market Authority on 07-09-2025 to approve the company's request to increase its capital by offering, registering and listing priority rights shares with a total offering value of Sar 195,000,000, noting that this approval is conditional on obtaining the approval of the Extraordinary General Assembly to increase the company's capital |
| Date of Announcing the Application on Saudi Exchange’s Website | 2024-08-27 Corresponding to 1446-02-23 |
| Date of Submitting the File | 2024-08-26 Corresponding to 1446-02-22 |
| Application Status at CMA | On 07-09-2025, the Capital Market Authority issued its decision approving the company's request to increase its capital by offering, registering and listing priority rights shares with a total offering value of Sar 195,000,000, provided that the eligibility of shareholders owning shares shall be by the end of trading on the day of the General Assembly, which approved the capital increase by offering priority rights shares and those registered in the company's shareholders register with the Securities Depository Center Company (Depository Center) at the end of the second trading day following the due date
The date of the General Assembly meeting will be announced later |
| Other Substantial Updates | The Capital Market Authority has issued its approval to the request to increase the company's capital by offering initial rights shares, and the company will publish the prospectus for the issuance of priority rights shares and call for the Extraordinary General Assembly meeting for the capital increase to be held in a timely manner |
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