| Element List | Explanation |
|---|---|
| Introduction | Issuance of judicial decisions in favor of Thamar Development Holding Company from the eighteenth Circuit of the execution court in Riyadh on 17-09-2025 corresponding to 25-03-1447 Ah |
| Previous Announcement | The following announcement from thimar Development Holding Company regarding the final judgment issued in its favor and announced on 18-04-2021 |
| Date of Previous Announcement on Saudi Exchange’s Website | 2021-05-10 Corresponding to 1442-09-28 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Thimar Development Holding Company announces the issuance of judicial decisions in numbers (400454700037280 – 400454700037281 – 400454700037282 – 400454700037284 - 400454700037283) in her favor on Wednesday 25/03/1447 H corresponding to 17/09/2025 G from the eighteenth Circuit of the execution court in Riyadh, and judicial decisions are summarized by selling real estate and vehicles owned by a related party (investor in aswaq Thamar and Wasmi agricultural company) by public auction with the suspension of the sale of the rest of the debtor's funds if the sale of some of them results in a sufficient amount to meet the reserved debt at a percentage plus implementation expenses, and resale at the expense of the buyer in the event default on payment and authorize the assignment and liquidation center to terminate the valuation procedures with the power of attorney to third parties and discharge the new buyer and terminate all procedures of transfer of ownership to the competent authorities and determine the sale and liquidation fee in 3.5% of the sale proceeds. Any significant developments in this regard will be announced later |
| 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. | N/A |
| Delay consequences on the Company’s financial results | N/A |
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