Logo of Thimar Development Holding Co. (Thimar)
Thimar Development Holding Co. submitted, on July 7, a SAR 150 million rights offering application to the Capital Market Authority (CMA) to raise its capital.
Any future updates will be announced in due course, the company said in a statement to Tadawul.
The company’s board of directors amended in June its proposal to increase capital via a rights issue by SAR 150 million, instead of SAR 100 million, according to data available with Argaam.
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