Thimar Development Holding company announces the signing of a binding agreement to sell its entire investment in business square four directions osool and Bakheet development fund

Thimar Development Holding Company signed a binding agreement on June 23, 2026, 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.
The sale price represents a return of approximately 15% over the asset's book value of SAR 5,742,000 and is expected to positively impact financial results and liquidity in the second quarter of 2026.
Proceeds from the transaction will be used to support working capital and contribute to the implementation of the company’s financial restructuring plan.
Completion of the unit transfer is subject to regulatory and legal requirements, as well as procedures approved by the fund manager.

Element List	Explanation
Transaction Details	•Signing a binding agreement for the sale of all investment units owned by the company in the fund. • The transaction value is SAR 6,600,000. • The transaction value will be paid according to the mechanism and procedures approved by the fund manager. • The completion of the transaction and the transfer of units are subject to compliance with all relevant regulatory and legal requirements, in accordance with the fund's terms and conditions and the fund manager's requirements. • The company has the right to terminate the agreement and claim compensation in accordance with its provisions if the buyer breaches its contractual obligations
Transaction Amount	(6,600,000) Riyals, six million six hundred thousand Saudi Riyals
Transaction Conditions	The transaction is subject to the completion of the unit transfer procedures with the fund manager and the fulfillment of all relevant regulatory and legal requirements in accordance with the fund’s terms and conditions
Parties of the Transaction	Seller: Thimar Development Holding Company Buyer: Abdullah bin Abdulaziz Nasser
Transaction Financing Method	Not applicable
Date of Entering Into The Transaction	2026-06-23 Corresponding to 1448-01-08
Description of Activity of The Asset Subject of The Transaction	The asset consists of (600,000) investment units in Business square four directions osool and Bakheet development fund, a closed-end real estate development investment fund licensed by the Capital Market Authority
Asset Book Value	(5,742,000) Saudi Riyals, five million seven hundred and forty-two thousand Saudi Riyals, as of March 31, 2026
Financial Statements for the Last Three Years of the Asset forming the Subject Matter of the Transaction	Not applicable
Transaction reasons	• Achieving a return of approximately 15% of the asset's book value as of March 31, 2026 • Supporting working capital and contributing to the implementation of the financial restructuring plan.
Expected Impact of the Transaction on the Company and Its Operations	A positive impact on financial results and liquidity during the second quarter of 2026.
Details of Using The Proceeds of the Asset Sale	Supporting working capital and contributing to the implementation of the financial restructuring plan.
Related Parties	There is no