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Thimar to sell stake in real estate fund
Thammar Development Holding Company announced the signing of an agreement to sell its entire stake in the "Ossoul and Bakhit Four Sectors for Business Square Development" fund, totaling a gross amount of 6.6 million SAR. The sale aims to support liquidity and the company's financial organization plans. The deal includes selling all of its investment units, totaling 600,000 units, to investor Abdullah bin Abdulaziz Nasser, after achieving a return exceeding the book value by 858,000 SAR. This step is part of the company's strategy to restructure its investment portfolio and enhance its financial resilience in the coming period.
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