Thimar announces Commercial Court approval in Riyadh on proposal to reschedule creditor’s payment

Thimar Development Holding Company announced on Sunday the approval of the Commercial Court in Riyadh for its proposal to reschedule the creditors’ payment in the financial regulation plan previously approved by the court. A date has been set for shareholders and creditors to vote using modern means of technology according to the following dates:
Meeting agenda:
1. Voting on the company’s proposal to reschedule the creditors’ payment in the financial regulation plan previously approved by the Commercial Court in Riyadh.
Each of the shareholders registered in the company’s shareholders registers at the Depository Center at the end of the trading session preceding the meeting is entitled to attend the meeting.
Thimar Development Holding Co. announced an update on the Commercial Court in Riyadh had accepted the proposal to conduct financial reorganization and set the voting date.
Accordingly, the Board of Directors invites the shareholders and creditors to vote on the proposal to reschedule the creditors’ payment, which the court in the financial regulation of the company specified.