| Element List | Explanation |
|---|---|
| Introduction | The board of Directors of thimar Development Holding Company is pleased to announce the results of the Ordinary General Assembly (the first meeting) held on Monday, July 06, 2026 at 6:30 pm at the company's headquarters, in person and through modern technical means using the tadawulati system. The attendance reached 28.18% of the shares representing the capital. |
| City and Location of the General Assembly's Meeting | In person and through modern technical means, in Riyadh-Al-Shuhada district, Mohammed Ali Jinnah Road-Building No. 3808, first floor, as well as through modern technical means using the tadawulaty system |
| Date of the General Assembly's Meeting | 2026-07-06 Corresponding to 1448-01-21 |
| Time of the General Assembly’s Meeting | 18:30 |
| Percentage of Attending Shareholders | 28.18% |
| Names of the Board of Directors' Members Present at the General Assembly's Meeting and Names of the Absentees | The meeting of the association was attended by the following board members: 1-Mr. Suleiman Bin Nasser Al-hatlan (chairman of the board of directors) 2-Mr. Mohammed Bin Sulaiman Al-Issa (vice chairman of the board of directors) 3-Mr. Sami Bin Mohammed Al-Helwah 4-Mr. Melfi Bin Manahi AlMarzoqi 5-Mr. Saud Bin Hassan Bin Said And no one was absent |
| Names of the Chairmen of the Committees Present at the General Assembly's Meeting or Members of such Committees Attending on Their Behalf | The following committee chairs were also present: 1-Mr. Mohammed Bin Sulaiman Al-Issa (Chairman of the audit committee) 2-Mr. Sami Bin Mohammed Al-Helwah (chairman of the nominations and rewards committee) And no one missed |
| Voting Results on the Items of the General Assembly's Meeting Agenda's | 1-approve the authorization of the board of directors to re-file a lawsuit or liability claims against former board members and former executive management members for the period from March 06, 2017 to July 03, 2021, for any violations during their membership or work in the company, and take all necessary legal measures in this regard, and file any subsequent lawsuits regarding any violations committed during their membership or work in the company, whether such violations are in violation of the provisions of the companies law, the capital market law and its executive regulations, and any of the relevant applicable laws and regulations, in order to to ensure the protection of the rights of the company and its shareholders 2-approve the authorization of the board of directors to file a lawsuit or other lawsuits related to any violations committed by the members of the board of directors and former executive management members, for the period from January 22, 2014 to May 13, 2026, regarding any violations during their membership or work in the company, and take all necessary legal measures in this regard, and file any subsequent lawsuits regarding any violations committed during their membership or work in the company, whether such violations are in violation of the provisions of the companies law, the capital market law and its executive regulations, and any of the relevant applicable laws and regulations in order to ensure the protection of the rights of the company and its shareholders |
Thimar Development Holding Co. Announces the Results of the Ordinary General Assembly Meeting (First Meeting)
AI Summary
- Thimar Development Holding Co. shareholders approved authorizing the Board of Directors to file or re-file liability claims against former board and executive management members for legal and regulatory violations.
- The authorized legal actions cover violations committed during two specific periods: March 06, 2017, to July 03, 2021, and January 22, 2014, to May 13, 2026.
- The Ordinary General Assembly meeting was held on July 06, 2026, with a shareholder attendance of 28.18% of the company’s capital.
