Element List	Explanation
Introduction	Thimar Development Holding Company (the "Company") announces that the Board of Directors issued a resolution on 22/01/1448H, corresponding to 07/07/2026G, recommending to the Extraordinary General Assembly an increase in the Company's share capital by SAR 130,000,000 through a rights issue.
Date of Board Meeting	2026-07-07 Corresponding to 1448-01-22
Target Amount	130,000,000
Reasons for the increase	The proposed capital increase aims to support the Company's commitment to implementing its Financial Restructuring Plan, enhance its cash liquidity, support the continuity of its business and the fulfillment of its obligations, and enable it to pursue investment opportunities that are expected to generate attractive returns and contribute to the Company's growth.
Eligibility date	Shareholders holding shares on the date of the Extraordinary General Assembly meeting in which capital increase through the issuance of right issues was resolved whose names so appear in the register of the Issuer’s Shareholders at the Depository Center at the end of the second trading day following the date of the General Assembly’s Meeting.
Approvals	The Board of Directors' recommendation remains subject to the approval of the relevant regulatory authorities and the shareholders of Thimar Development Holding Company at the Extraordinary General Assembly.
Appointment of Financial Advisor and Submission of the Capital Increase Application File to CMA	The Company will announce, in due course, the appointment of the financial advisor for the Rights Issue, as well as the submission of the capital increase application to the Capital Market Authority.
Additional Information	None