هَذَا الطَّالِبُ مُجْتَهِدٌ.
Translation: This student is diligent.
هَذَا: demonstrative, indeclinable, in the nominative position as mubtadaʾ. الطَّالِبُ: identifying apposition (badal or ʿaṭf bayān), nominative with ḍamma. مُجْتَهِدٌ: nominative predicate.
The demonstrative and identifying noun refer to the same student; the predicate gives information about him.