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Source: معلومات مباشر
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Thimar Development Holding Company announced significant deviations in the use of the SAR 150 million raised through its capital increase, compared with the allocations set out in the 2023 prospectus. Spending on working-capital financing rose to SAR 26.03 million, 152.27% above estimates. Amounts used to settle court judgments increased by 133.53% to SAR 5.69 million, while payments to creditors rose by 18.69% to SAR 69.45 million. By contrast, spending on real estate investment fell by 74.17% to SAR 12.13 million. The company attributed the variances to redirecting funds to cover obligations, court judgments and operating expenses.
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