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Thimar Development Holding Co. Announces an update on the Commercial Court in Riyadh has accepted the proposal to conduct financial reorganization

Element ListExplanation
Introduction With reference to the company’s announcement on 23-03-2022 that the Commercial Court in Riyadh accepted the proposal to conduct a financial reorganization, the company's management would like to announce to the valued shareholders that it has received the ruling of the Chamber of the Commercial Court in Riyadh "ratifying the proposal for the financial reorganization of Thimar Development Holding Company".
Previous Announcement the Commercial Court in Riyadh has accepted the proposal to conduct financial reorganization
Date of Previous Announcement on Tadawul's Website 2022-03-23 Corresponding to 1443-08-20
Percentage of fulfilled achievement Issuance of the ruling of the Chamber of the Commercial Court in Riyadh “ratifying the proposal for the financial reorganization of the Thimar Development Holding Company”.
Event's Expected Completion Date N/A
The costs associated with the event, and if they have changed or not with indication of the reasons. N/A

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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