Thimar exits Osoul & Bakheet fund for SAR 6.6M
Thimar Development sells its entire stake in the Osoul & Bakheet Four Directions Fund for SAR 6.6 million to Abdullah bin Abdulaziz Nasser in a binding agreement.
Thimar Development Holding Co. sold its investment units in the Osoul & Bakheet Four Directions Fund for SAR 6.6 million, the company said in a regulatory filing on June 23. The buyer is Abdullah bin Abdulaziz Nasser.
The agreement covers all of Thimar’s holdings in the fund. The company did not disclose a closing date or the use of proceeds. The sale is binding, indicating a likely completion under standard terms.
Thimar is a Saudi-listed holding company focused on development and real estate projects. The transaction gives the company SAR 6.6 million in cash and removes its exposure to the fund.
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