Thimar Development Holding Co. — Capital/Financing Update 2026

Feb 4, 2026

Thimar Development Holding Company Announces Its Intention to Sell One of the Company’s Assets (Land Located on Al-Kharj Road

4160 · 04/02/2026 08:00:31 · Announcement #92969 · View on Saudi Exchange

Thimar Development Holding Company Announces Its Intention to Sell One of the Company’s Assets (Land Located on Al-Kharj Road

Element List

Explanation

Announcement Detail

In view of the Company’s current need to support the settlement of its financial obligations and to implement the financial reorganization plan in a manner that contributes to the continuity of the Company and enhances its investment capacity through investing the available cash surplus, the Board of Directors has resolved to approve the sale of an unutilized real estate asset (land located on Al-Kharj Road), subject to obtaining the approval of the General Assembly in accordance with the approved laws and regulations. The details of the asset are as follows:

• Land Area: 58,793.85 square meters

• Location: Riyadh – Al-Kharj Expressway

• Book Value of the Land as of 31-12-2025: SAR 35,760,787

• Sale Conditions: After obtaining the approval of the General Assembly

• Reasons for Sale: To enable the Company to benefit from the proceeds resulting from the sale in a manner that serves its interests, strengthens its financial position, and contributes to the Company’s ability to implement the financial reorganization plan and settle its obligations.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.