Logo ofThimar Development Holding Co.
Thimar Development Holding Co. paid today, Oct. 22, the second installment of creditors’ dues, amounting to 16% of the company’s obligations under the financial reorganization plan, covering more than 99% of total creditors’ amounts. 
The total amount settled reached approximately 66% of the total obligations included in the reorganization plan with this payment, the company said in a Tadawul filing, adding that the remaining payments will be completed once all required documents are finalized in accordance with regulations.
This step comes in line with the financial reorganization plan previously announced and approved by shareholders, creditors, the financial reorganization trustee, and the Commercial Court, the statement added.
In December 2023, the company paid the first installment of 50% of the obligations under the reorganization plan, covering more than 95% of the creditors’ amounts.
Logo ofThimar Development Holding Co.
Thimar Development Holding Co. paid today, Oct. 22, the second installment of creditors’ dues, amounting to 16% of the company’s obligations under the financial reorganization plan, covering more than 99% of total creditors’ amounts.
The total amount settled reached approximately 66% of the total obligations included in the reorganization plan with this payment, the company said in a Tadawul filing, adding that the remaining payments will be completed once all required documents are finalized in accordance with regulations.
This step comes in line with the financial reorganization plan previously announced and approved by shareholders, creditors, the financial reorganization trustee, and the Commercial Court, the statement added.
In December 2023, the company paid the first installment of 50% of the obligations under the reorganization plan, covering more than 95% of the creditors’ amounts.
