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Announcement of Altharwah Albashariyyah Co. (Tharwah) Regarding the Completion of the Procedures for the Transformation of the Company’s Branch (Altharwah Albashariyyah Co.) into A Wholly Owned Limited Liability Subsidiary (Single-Member Company) Under the Name “Tharwah Consulting” 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 (Altharwah Albashariyyah Co.) into a limited liability subsidiary (single-member company) under the name “Tharwah Consulting”, Commercial Registration No. (1009084144), 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 consulting and transformation. “Tharwah Consulting” focuses on delivering specialized advisory solutions including, without limitation, management, organizational, and strategic consulting, operating model development, process improvement and efficiency enhancement, human capital development, transformation and organizational development consulting, and strategy execution support, in line with the needs of relevant entities. These solutions are supported through the use of modern technologies, including advanced analytics, artificial intelligence tools, and digital solutions, with the aim of enhancing deliverable quality, accelerating project execution, and improving service delivery efficiency, thereby contributing to 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 course. |
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 37.0
Net Change 2.9 (+8.5%)
Value Traded (Sar) 40,531.62
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