Thimar Development Holding Company announces the latest developments in the liability lawsuit filed by the company against a number of former board members for the period from March 6, 2017 to July 4, 2021

Element List	Explanation
Introduction	With reference to the liability lawsuit filed by the company against a number of former board members for the period from March 6, 2017 to July 4, 2021, the company received on May 17, 2026, the decision of the Appeals Committee for Securities Disputes issued on May 5, 2026
Previous Announcement	Thimar Development Holding Company announces the latest developments regarding the issuance of the decision of the Appeals Committee in Securities Disputes, ruling in favor of the company and canceling the previous decision to refer the case back to the Committee for the Resolution of Securities Disputes for consideration.
Date of Previous Announcement on Saudi Exchange’s Website	2025-11-25 Corresponding to 1447-06-04
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	After the case was referred to the Securities Disputes Resolution Committee for review, the Appeals Committee issued Decision No. 4253/L.S/2026 of 1447 AH, as follows: First: The decision of the Securities Disputes Resolution Committee No. 6305/L/D2 2025 of 1447 AH is hereby revoked Second: Dismissal of the lawsuit The Appeals Committee's decision was based on the incompleteness of the submitted case, as it failed to specify the basis for each defendant's claim individually. Specifically, it did not identify the errors committed by each defendant that resulted in harm to the company, nor did it identify those responsible for these errors, their capacities, the claim pertaining to each party, or the basis for the compensation claim against all defendants. The decision also affirmed that this does not prejudice the company's right to file a separate lawsuit against the defendants to claim compensation for the alleged damages, provided that the necessary legal requirements for filing such a lawsuit are met
Reasons For The Delay on The Date of The Event Previously Announced	Not applicable
The costs associated with the event, and if they have changed or not with indication of the reasons.	Not applicable
Delay consequences on the Company’s financial results	Nothing