Thimar files application with CMA to raise SAR 195 million through rights issue

Thimar Development Holding Company announced on Tuesday that it has submitted an application to the Capital Market Authority (CMA) to increase its capital by issuing priority rights shares worth SAR 195 million.

This follows the company’s earlier announcement on the Saudi Exchange website on November 30, 2023, in which Thimar’s Board of Directors recommended a capital reduction followed by a capital increase via a rights issue.