| Introduction | Within eight months, the company achieved a profit of approximately 17% from the sale of its stake in Yamama plus serviced apartments company .it is worth mentioning that the investment amount of Sar 7,608,000 was entered to acquire 22% of the ownership shares of Yamama plus serviced apartments company. |
| Previous Announcement | The announcement by thimar development holding regarding the acquisition of a percentage of the ownership shares of yumama plus serviced apartments company |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-07-03 Corresponding to 1447-01-08 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The company's investment in Yamama plus worth SR 7,608,000 was sold for SR 8,900,000, achieving a profit of approximately 17%. 50% has been repaid and the remaining will be repaid within a maximum period of twenty days from the date of signing the agreement. |
| Reasons For The Delay on The Date of The Event Previously Announced | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Delay consequences on the Company’s financial results | N/A |
| Additional Information | The proceeds of the sale will be used to achieve the approved financial regulation plan |