Thimar Development Holding Co. — Capital/Financing Update 2025

Aug 17, 2025

Thimar Development Holding Co. Announces an update on Thimar Development Holding Company announces the signing of a non-binding memorandum of understanding with Madar Al Khair Trading Company.

4160 · 17/08/2025 07:55:32 · Announcement #89620 · View on Saudi Exchange

Thimar Development Holding Co. Announces an update on Thimar Development Holding Company announces the signing of a non-binding memorandum of understanding with Madar Al Khair Trading Company.

Element List	Explanation
Introduction	On 08-18-2024 AD, a non-binding memorandum of understanding was signed with Madar Al-Khair Trading Company, for the company to acquire a percentage not exceeding 50% of Madar Al-Khair Trading Company.
Previous Announcement	Thimar Development Holding Company announces the signing of a non-binding memorandum of understanding with Madar Al Khair Trading Company.
Date of Previous Announcement on Saudi Exchange’s Website	2024-08-18 Corresponding to 1446-02-14
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The memorandum of understanding was terminated without concluding a binding agreement.

The company will continue to explore various investment opportunities that contribute to the company's interests and stability. Reasons For The Delay on The Date of The Event Previously Announced N/A The costs associated with the event, and if they have changed or not with indication of the reasons. Approximately three hundred thousand Saudi riyals for financial advisory services Delay consequences on the Company’s financial results N/A

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