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Thimar recommends raising 130 million Riyals through a rights issue of shares
The Board of Directors of Thimar Development Holding Company has recommended increasing its capital by 130 million Riyals through a rights issue of shares, aiming to strengthen the financial position and support future growth plans. The recommendation will be presented for approval to the Extraordinary General Assembly, after obtaining the necessary regulatory approvals. The proceeds will be used to improve liquidity, finance the company's obligations, and capitalize on investment opportunities to achieve long-term returns. The subscription rights will be allocated to shareholders registered at the end of the trading day of the meeting, pending approval from the Capital Market Authority.
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