Thimar submits capital increase plan to CMA
Thamar Development Holding Company has announced the submission of a request for approval to increase its capital through a rights issue, aimed at injecting new cash liquidity of 130 million Saudi Riyals to strengthen its financial position, following the completion of the necessary studies. If approval is granted by the Authority, an extraordinary general assembly of shareholders will be invited to vote on the increase, determine the offering price, and decide on the number of new shares. The mechanism for the increase will be based on granting existing shareholders subscription rights in proportion to their ownership, with a commitment to transparency and disclosure of any developments.
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