Saudi Arabia's Capital Market Authority (CMA) approved Thimar Development Holding Company’s request to increase its capital through a rights issue valued at SAR 195,000,000. The increase will be limited to shareholders recorded in the shareholders’ registry at the Security Depository Center as of the close of the second trading day following the extraordinary general assembly meeting, with the meeting date to be set later by the company’s board. The offering price and the number of shares will be determined by the company after market close on the day the extraordinary general assembly meeting is held, and the rights issue prospectus will be made available to the public at a later stage. The CMA also reiterated that prospectus approval is not an investment recommendation and reflects only that legal requirements under the Capital Market Law and its Implementing Regulations have been met, advising investors to review the prospectus and its risk factors before making any decision.
Saudi Arabia Capital Markets Authority 2025-09-07
Saudi Arabia's Capital Market Authority approves Thimar Development Holding Company SAR 195 million rights issue capital increase
Saudi Arabia's Capital Market Authority approved Thimar Development Holding Company's SAR 195 million capital increase via a rights issue, limited to shareholders registered at the Security Depository Center after the extraordinary general assembly meeting. The offering price and share count will be set post-meeting, with the prospectus available later. The CMA emphasized that prospectus approval is not an investment recommendation, urging investors to review it and its risks before deciding.