Logo ofThimar Development Holding Co.
Thimar Development Holding Co. signed a binding agreement on June 23 with Abdullah bin Abdulaziz Nasser to sell all of its investment units in the Osoul Bakheet Four Directions for Business Park Development Fund, totaling 600,000 units, for SAR 6.60 million. 
In a statement to Tadawul, the transaction value will be settled in accordance with the mechanisms and procedures approved by the fund manager.
The company said completion of the transaction and transfer of the units are subject to the relevant regulatory and legal approvals, as well as the fund’s terms and the fund manager’s requirements.
Thimar has the right to terminate the agreement and seek compensation in accordance with its terms should the buyer fail to meet contractual obligations.
It added that the book value of the asset stood at SAR 5.74 million as of March 31, 2026.
The transaction reflects a return of approximately 15% over the asset’s book value, based on its financial statements as of March 31, 2026. The proceeds will support working capital and contribute to the implementation of its financial restructuring plan.
Thimar expects the deal to have a positive impact on its financial results and liquidity during Q2 2026.
The company also confirmed that no related parties are involved in the transaction.
Logo ofThimar Development Holding Co.
Thimar Development Holding Co. signed a binding agreement on June 23 with Abdullah bin Abdulaziz Nasser to sell all of its investment units in the Osoul Bakheet Four Directions for Business Park Development Fund, totaling 600,000 units, for SAR 6.60 million.
In a statement to Tadawul, the transaction value will be settled in accordance with the mechanisms and procedures approved by the fund manager.
The company said completion of the transaction and transfer of the units are subject to the relevant regulatory and legal approvals, as well as the fund’s terms and the fund manager’s requirements.
Thimar has the right to terminate the agreement and seek compensation in accordance with its terms should the buyer fail to meet contractual obligations.
It added that the book value of the asset stood at SAR 5.74 million as of March 31, 2026.
The transaction reflects a return of approximately 15% over the asset’s book value, based on its financial statements as of March 31, 2026. The proceeds will support working capital and contribute to the implementation of its financial restructuring plan.
Thimar expects the deal to have a positive impact on its financial results and liquidity during Q2 2026.
The company also confirmed that no related parties are involved in the transaction.
