Thimar agrees to sell real estate stake

Tamir Development Holding Company has signed an agreement to sell its entire investment in a real estate fund, with a total value of 6.6 million riyals, aimed at enhancing liquidity and supporting its financial plan. The deal involves selling all of the company's units in the fund, which have a book value of approximately 5.742 million riyals, resulting in a return exceeding the book value by about 858 thousand riyals, roughly 15%. This move is part of the company's strategy to restructure its investment portfolio and convert some assets into cash to support its operational and financial plans.

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