Thimar postpones EGM on capital increase via rights issue

02/10/2025 Argaam
Thimar grants shareholders more time to study the capital increase recommendation before voting

Thimar grants shareholders more time to study the capital increase recommendation before voting

Thimar Development Holding Co. has decided to postpone its extraordinary general meeting (EGM) to a later date that will be announced in due course. The EGM was originally scheduled for Oct. 8 for the voting on increasing the company’s capital through a rights issue.

 

In a statement to Tadawul, the company said the decision was made to grant shareholders sufficient time to review the meeting’s agenda.

 

It further stated that a new date for the EGM will be announced within the legally mandated time frame, in compliance with all relevant laws and regulations.

 

Thimar had previously set Oct. 8 as the date to vote on the board of directors’ recommendation to increase the company’s capital by 300% through a SAR 195 million rights issue, according to Argaam.

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