Thimar Appoints Wasata Capital as Financial Advisor to Manage Rights Issue Subscription
Logo of Thimar Development Holding Company. Thimar Development Holding Company announced the appointment of Al-Wasata Financial Company (Wasata Capital) as a financial advisor to manage the subscription in rights issue shares, as part of its recommendation to increase the company's capital. The company said in a statement on Tadawul that the appointment was made on July 14, 2026, indicating that it will announce when the capital increase application file is submitted to the Capital Market Authority for approval and any future developments in this regard. According to data available on Argaam, the board of directors of Thimar Development Holding Company had a...
Thimar Appoints Wasata Capital as Financial Advisor to Manage Rights Issue Subscription
Logo of Thimar Development Holding Company
Thimar Development Holding Company announced the appointment of Al-Wasata Financial Company (Wasata Capital) as a financial advisor to manage the subscription in rights issue shares, as part of its recommendation to increase the company's capital.
The company said in a statement on Tadawul that the appointment was made on July 14, 2026, indicating that it will announce when the capital increase application file is submitted to the Capital Market Authority for approval and any future developments in this regard.
According to data available on Argaam, the board of directors of Thimar Development Holding Company had recommended earlier this July to increase its capital by SAR 130 million through a rights issue.
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Original source: Argaam
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