Riyadh – Mubasher: Thimar Development Holding Company has assigned Wasatah Capital as the financial advisor to manage its upcoming rights issue subscription.
The appointment, effective 14 July 2026, follows a previous board recommendation disclosed on 8 July to increase the company’s capital.
The proposed capital hike is valued at SAR 130 million and will be conducted through the issuance of priority rights shares. This strategic move is subject to approval from the Extraordinary General Meeting (EGM) and relevant regulatory authorities.
Thimar confirmed that it will provide further updates to shareholders once the capital increase application file is submitted to the Capital Market Authority (CMA). The company stated that no previous financial advisor was replaced for this specific mandate.
