The National Agriculture Marketing Co. (Thimar) published its preliminary financial results as of 30/9/2011 on the “Tadawul” website on Tuesday 20/11/1432 corresponding to 18/10/2011. It showed that the company’s losses for the initial financial period ending on 30/September/2011 have reached (1,053,685) Saudi Riyals resulting in accumulated losses for the company that exceeded three quarters of its capital which requires taking the necessary legal procedures.

Since theses preliminary results show that the company’s accumulated losses reached a big percentage of the capital which affects the integrity of its financial decision, the CMA Board has announced its decision number (1-35-2011) dated 9/1/1433 ,  4/12/2011 that includes granting The National Agriculture Marketing Co. (Thimar) an extension to modify its conditions according to relevant laws until the issuance of its annual financial statements for the fiscal year ending on 31/December/2011 . CMA will look into the decisions taken by the company after the expiration of the period in question.