Thimar calls for voting on financial reorganization proposal under Saudi bankruptcy system

07 Apr 2022

Riyadh - Maaal

With reference to the judgment of the Commercial Court in Riyadh issued on April 7^th 2021, in Case No. (1970) for the year 1442, approving the opening of the financial reorganization procedure for the National Agricultural Marketing Company – Thimar (formerly) Thimar Development Holding Company currently Register Commercial No. (1010068222), and with reference to the judgment of the Commercial Court issued on 23 / 03 /2022, to approve the date of the shareholders’ vote on the proposal. The Board of Directors of the company is pleased to invite the shareholders to vote on the proposal for the financial reorganization of the company, which was determined by the court on Thursday 13/09/1443 AH corresponding to 04/14/2022 at 10:00 pm in (Riyadh).

The company’s board of directors is pleased to invite the shareholders to vote on the proposal for the financial reorganization of the company, which was determined by the court on Thursday 13 / 09 / 1443 corresponding to 14 / 04 / 2022 from 10:00 pm to 12:00 pm. Voting and attendance will be electronically via the link.

https://app.jameeah.com/meetings/

اقرأ المزيد

Which will be supervised by the Secretary of Financial Reorganization appointed by the Commercial Court in Riyadh, Mr. Hani Al-Aqili, and according to Article (46) of the executive regulations of the bankruptcy system, the owners’ meeting shall not be held unless attended by owners representing at least 25% of the company’s capital.

Meeting agenda:

Vote on the proposal for the financial reorganization of Thimar Development Holding Company

Each of the shareholders registered in the company’s shareholders register at the Depository Center at the end of the trading session preceding the meeting is entitled to attend the meeting.

In the event of any inquiries, please contact us through the phone 0591616638 or e-mail boardsecretary@thimar.com.sa during the official working hours.

Attached below is the financial reorganization plan proposal submitted by the company for your information.