premargin

Element List	Explanation
Announcement Detail	Altharwah Albashariyyah Co. (Tharwah) announces the completion of the procedures for the transformation of its branch (Altharwah Albashariyyah Co.) into a limited liability subsidiary (single-member company) under the name “Tharwah Consulting”, Commercial Registration No. (1009084144), wholly owned (100%) by Altharwah Albashariyyah Co. (Tharwah). This transformation comes as part of the Company’s strategy to enhance governance and operational efficiency, empower its subsidiaries, and support its growth and expansion plans in promising sectors, particularly in consulting and transformation. “Tharwah Consulting” focuses on delivering specialized advisory solutions including, without limitation, management, organizational, and strategic consulting, operating model development, process improvement and efficiency enhancement, human capital development, transformation and organizational development consulting, and strategy execution support, in line with the needs of relevant entities. These solutions are supported through the use of modern technologies, including advanced analytics, artificial intelligence tools, and digital solutions, with the aim of enhancing deliverable quality, accelerating project execution, and improving service delivery efficiency, thereby contributing to sustainable added value for shareholders. There is no material financial impact on the Company’s financial statements at the present time, and any material developments will be disclosed in due course.

Element List

Explanation

Announcement Detail

Altharwah Albashariyyah Co. (Tharwah) announces the completion of the procedures for the transformation of its branch (Altharwah Albashariyyah Co.) into a limited liability subsidiary (single-member company) under the name “Tharwah Consulting”, Commercial Registration No. (1009084144), wholly owned (100%) by Altharwah Albashariyyah Co. (Tharwah).

This transformation comes as part of the Company’s strategy to enhance governance and operational efficiency, empower its subsidiaries, and support its growth and expansion plans in promising sectors, particularly in consulting and transformation.

“Tharwah Consulting” focuses on delivering specialized advisory solutions including, without limitation, management, organizational, and strategic consulting, operating model development, process improvement and efficiency enhancement, human capital development, transformation and organizational development consulting, and strategy execution support, in line with the needs of relevant entities. These solutions are supported through the use of modern technologies, including advanced analytics, artificial intelligence tools, and digital solutions, with the aim of enhancing deliverable quality, accelerating project execution, and improving service delivery efficiency, thereby contributing to sustainable added value for shareholders.

There is no material financial impact on the Company’s financial statements at the present time, and any material developments will be disclosed in due course.