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Thimar Development Holding Co. Announces the Submission of the Decrease of the Company’s Capital Application File to CMA
| Element List | Explanation |
|---|---|
| Introduction | Further to the company’s Announcement on Tadawul website on 30/11/2023 Gcorresponding to 16/05/1445 H regarding the Board of Directors’ Recommendation to Reduce the Company's Capital and then increase the company's capital through rights issue Thimar Development Holding Co. wishes to inform its shareholders that it has submitted the application file to reduce the capital for approval to the CMA on18/03/2024G corresponding to 08/09/1445H |
| Date of Submitting the Application File to CMA | 2024-03-18 Corresponding to 1445-09-08 |
| Application Subject | The reduction of the Company’s Capital SAR185,000,000 |
| Date of Announcing Board Recommendation to Decrease the Company’s Capital on Saudi Exchange’s Website | 2023-11-30 Corresponding to 1445-05-16 |
| Additional Information | The capital decrease is subject to the applicable regulatory approvals, including the approval of the Company’s extraordinary general assembly The company will announce any future development regarding this matter as they become available. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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Company Performance
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Last Price 36.6
Net Change -0.72 (-1.93%)
Value Traded (Sar) 9,193,316.88
Volume Traded 245,453
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