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Thimar Development Holding Co. has signed a binding agreement to sell its entire 600,000 units in the Osoul & Bakheet Four Directions for Business Park Development Fund to Abdullah bin Abdulaziz Nasser for SAR 6.6 million. The transaction, valued at a 15% premium over the asset’s book value of SAR 5.74 million as of March 31, 2026, is subject to regulatory approvals and fund manager requirements. Proceeds will fund working capital and support Thimar’s financial restructuring plan, with expected positive impacts on Q2 2026 liquidity and financial results. The company confirmed no related-party involvement in the deal.
For Saudi equity markets, this transaction signals Thimar’s strategic shift to optimize capital and reduce liabilities. Investors should monitor the approval timeline and potential share price reactions as the company reallocates resources. The deal also highlights growing private equity activity in Saudi Arabia’s real estate sector, which could influence broader market sentiment.
MENA investors should watch how this restructuring affects Thimar’s creditworthiness and future project pipelines. Key risks include delays in regulatory approvals or market volatility affecting the fund’s valuation. Traders may consider tracking TASI-listed real estate firms for similar capital optimization trends.
