Thimar Development Holding Co. Announces the Submission of the Decrease of the Company’s Capital Application File to CMA

Thimar Development Holding Co. Announces the Submission of the Decrease of the Company’s Capital Application File to CMA

Element List

Explanation

Introduction

Further to the company’s Announcement on Tadawul website on 30/11/2023 Gcorresponding to 16/05/1445 H regarding the Board of Directors’ Recommendation to Reduce the Company's Capital and then increase the company's capital through rights issue Thimar Development Holding Co. wishes to inform its shareholders that it has submitted the application file to reduce the capital for approval to the CMA on18/03/2024G corresponding to 08/09/1445H

Date of Submitting the Application File to CMA

2024-03-18 Corresponding to 1445-09-08

Application Subject

The reduction of the Company’s Capital SAR185,000,000

Date of Announcing Board Recommendation to Decrease the Company’s Capital on Saudi Exchange’s Website

2023-11-30 Corresponding to 1445-05-16

Additional Information

The capital decrease is subject to the applicable regulatory approvals, including the approval of the Company’s extraordinary general assembly The company will announce any future development regarding this matter as they become available.

Thimar Development Holding Co. Announces the Submission of the Decrease of the Company’s Capital Application File to CMA