Thimar Development Holding Co. announces its Annual Financial Results for the Period Ending on 31-12-2022

Element List	Current Year	Previous Year	%Change
Sales/Revenue	-	425,304	-100
Gross Profit (Loss)	-	14,661	-100
Operational Profit (Loss)	-7,672,001	-79,416,727	-90.34
Net Profit (Loss) after Zakat and Tax	-4,705,412	-162,451,394	-97.1
Total Comprehensive Income	27,074,129	-162,606,677	-
Total Share Holders Equity (after Deducting Minority Equity)	-99,144,504	-126,218,633	-21.45
Profit (Loss) per Share	-0.47	-16.25
All figures are in (Actual) Saudi Arabia, Riyals

Element List	Explanation
The reason of the increase (decrease) in the net profit during the current year compared to the last year is	The reason for the decrease in net loss during this year compared to the previous year is due to:

1. Decrease in general and administrative expenses by SR 71 million.

2. Decrease in Provision for expected credit losses by SR 22 million.

3. Decrease in Provision for debit balances - Court of Execution by SR 4 million.

4. Decreased in Impairment losses in the value of property and machinery by SR 13 million.

5. There is no cases and financial claims for the current year compared to the previous year by SR 46 million.

6. Increase in other revenues by SR 2 million. Statement of the type of external auditor's report Qualified opinion Modification, Qualification or Emphasis of a Matter as Stated within the External Auditor Opinion External auditor's opinion and basis for Qualified of conclusion (Attached) Reclassification of Comparison Items Certain reclassifications were made in comparative numbers to conform to the current period. The reclassifications as follow:

1. Accruals and other credit balances within the comparison for the year ending on December 31, 2021, to become SR 20,558,049 instead of SR 23,745,829.

2- Adding a provision for claims item in the comparison for the year ending on December 31, 2021, in the amount of SR 3,187,780 Attached Documents

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.