Thimar Development Holding Co. Announces Appointment of a Financial Advisor to Manage Subscription to Right Issues

AI Summary

Thimar Development Holding Co. appointed Al Wasatah Al Maliah Company (Wasatah Capital) as the financial advisor to manage its proposed 130 million riyal capital increase via a rights issue.
The appointment was finalized on July 14, 2026, following the Board of Directors' recommendation announced on July 8, 2026.
The company will provide further updates upon submitting the capital increase application to the Capital Market Authority (CMA) for approval.

Element List	Explanation
Introduction	With reference to the announcement by Thimar Development Holding Company published on the Tadawul website on Wednesday, July 8, 2026, regarding the Board of Directors’ recommendation to the Extraordinary General Assembly to increase the company’s capital by 130 million riyals through a rights issue, the company would like to announce to its esteemed shareholders that it has appointed Al Wasatah Al Maliah Company (Wasatah Capital) as the financial advisor to manage the subscription to the rights issue.
Name of Financial Advisor	Al Wasatah Al Maliah Company (Wasatah Capital)
Financial Advisor Appointment Date	2026-07-14 Corresponding to 1448-01-29
Reason for Replacing Financial Advisor	Not applicable
Additional Information	The company will make an announcement when submitting the capital increase application to the Capital Market Authority for its approval and about any future developments in this regard.