4160 · 20/05/2026 08:07:16 · Announcement #95529 · View on Saudi Exchange

Thimar Development Holding Company announces the Board of Directors' decision to suspend the calculation of bonuses and attendance allowances for members of the Board of Directors and its subcommittees

Element ListExplanation
Announcement Detail Due to the financial circumstances the Company is currently experiencing, and as an initiative by the members of the Board of Directors and its subcommittees to support the Company during this stage, contribute to rationalizing expenses, and strengthen the financial position, through waiving their remuneration and attendance allowances during this period, the Board of Directors has resolved to suspend the accrual of remuneration and attendance allowances for members of the Board of Directors and its subcommittees, effective from the beginning of the current Board term on May 14, 2026, until the Company’s financial conditions improve and a subsequent resolution is issued by the Board of Directors in this regard

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