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Element List	Explanation
Announcement Detail	In view of the Company’s current need to support the settlement of its financial obligations and to implement the financial reorganization plan in a manner that contributes to the continuity of the Company and enhances its investment capacity through investing the available cash surplus, the Board of Directors has resolved to approve the sale of an unutilized real estate asset (land located on Al-Kharj Road), subject to obtaining the approval of the General Assembly in accordance with the approved laws and regulations. The details of the asset are as follows: • Land Area: 58,793.85 square meters • Location: Riyadh – Al-Kharj Expressway • Book Value of the Land as of 31-12-2025: SAR 35,760,787 • Sale Conditions: After obtaining the approval of the General Assembly • Reasons for Sale: To enable the Company to benefit from the proceeds resulting from the sale in a manner that serves its interests, strengthens its financial position, and contributes to the Company’s ability to implement the financial reorganization plan and settle its obligations.

Element List

Explanation

Announcement Detail

In view of the Company’s current need to support the settlement of its financial obligations and to implement the financial reorganization plan in a manner that contributes to the continuity of the Company and enhances its investment capacity through investing the available cash surplus, the Board of Directors has resolved to approve the sale of an unutilized real estate asset (land located on Al-Kharj Road), subject to obtaining the approval of the General Assembly in accordance with the approved laws and regulations. The details of the asset are as follows:

• Land Area: 58,793.85 square meters

• Location: Riyadh – Al-Kharj Expressway

• Book Value of the Land as of 31-12-2025: SAR 35,760,787

• Sale Conditions: After obtaining the approval of the General Assembly

• Reasons for Sale: To enable the Company to benefit from the proceeds resulting from the sale in a manner that serves its interests, strengthens its financial position, and contributes to the Company’s ability to implement the financial reorganization plan and settle its obligations.

Thimar Development Holding Company Announces Its Intention to Sell One of the Company’s Assets (Land Located on Al-Kharj Road