On June 24, 2026, Thimar Development Holding Company announced the signing of a binding agreement to sell its entire investment of 600,000 units in the Business Square Four Directions Osool and Bakheet Development Fund for SAR 6,600,000 to buyer Abdullah bin Abdulaziz Nasser. The transaction, entered into on June 23, 2026, represents approximately 15% return on the asset's book value of SAR 5,742,000 as of March 31, 2026. The proceeds will support working capital and contribute to the company's financial restructuring plan, with completion subject to regulatory compliance and fund manager requirements. The sale is expected to have a positive impact on the company's financial results and liquidity during the second quarter of 2026.

Original announcement:

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.