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Announcement of Altharwah Albashariyyah Co. (Tharwah) Regarding the Completion of the Procedures for the Transformation of the Company’s Branch (Tharwaty for Information Technology) into A Wholly Owned Limited Liability Subsidiary (Single-Member Company) Under the Name “Tharwaty for Information Technology Company” Owned in Full by Altharwah Albashariyyah Co. (Tharwah)
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| Announcement Detail | Altharwah Albashariyyah Co. (Tharwah) announces the completion of the procedures for the transformation of its branch “Tharwaty for Information Technology” into a limited liability subsidiary (single-member company), Commercial Registration No. (1010951063), under the name “Tharwaty for Information Technology Company”, 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 information technology, artificial intelligence, and advanced digital solutions. The Company further confirms that this step forms part of its direction to develop and expand the scope of its technical services in line with market needs and to strengthen its ability to deliver advanced digital solutions, supporting the creation of 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 time. |
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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Last Price 34.58
Net Change -0.82 (-2.32%)
Value Traded (Sar) 487,669.72
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