Logo ofThimar Development Holding Co.
Thimar Development Holding Co. submitted today, Oct. 1, an application to the Capital Market Authority (CMA) to increase its capital through a rights issue worth SAR 130 million. 
In a statement to Tadawul, the company said that it will announce any future developments in due time.
Thimar’s board of directors recommended in July increasing the company’s capital through a SAR 130 million rights issue to support compliance with its financial restructuring plan, strengthen cash liquidity, ensure business continuity, meet its obligations, and enable the company to pursue investment opportunities, according to Argaam’s data.
Logo ofThimar Development Holding Co.
Thimar Development Holding Co. submitted today, Oct. 1, an application to the Capital Market Authority (CMA) to increase its capital through a rights issue worth SAR 130 million.
In a statement to Tadawul, the company said that it will announce any future developments in due time.
Thimar’s board of directors recommended in July increasing the company’s capital through a SAR 130 million rights issue to support compliance with its financial restructuring plan, strengthen cash liquidity, ensure business continuity, meet its obligations, and enable the company to pursue investment opportunities, according to Argaam’s data.
